XML 35 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Revenues $ 301,599,897 $ 323,199,694 $ 196,219,101
Cost of revenues (203,486,191) (179,151,930) (118,408,302)
Gross profit 98,113,706 144,047,764 77,810,799
Operating (expenses) income:      
Selling, general and administrative expenses (27,076,669) (16,042,494) (15,081,878)
Research and development expenses (2,736,520) (676,323) (3,878,414)
Other operating income, net 13,177,254 3,750,147 2,285,331
Total operating expenses, net (16,635,935) (12,968,670) (16,674,961)
Income from operations 81,477,771 131,079,094 61,135,838
Interest expense (10,762,677) (16,262,205) (12,720,155)
Interest income 1,235,873 464,515 149,259
Exchange gain (loss) 1,836,160 (5,853) 6,553
Income before income taxes 73,787,127 115,275,551 48,571,495
Income tax expense (11,716,545) (17,332,226) (7,358,089)
Net income from continuing operations 62,070,582 97,943,325 41,213,406
Income (loss) from discontinued operations, net of tax (23,305,045) (4,087,925) 2,710,591
Net income 38,765,537 93,855,400 43,923,997
Net income attributable to non-controlling interest 640,832 1,014,272 430,241
Net income attributable to Daqo New Energy Corp. ordinary shareholders $ 38,124,705 $ 92,841,128 $ 43,493,756
NET EARNINGS (LOSS) PER ORDINARY SHARE      
Continuing operations $ 0.19 $ 0.37 $ 0.16
Discontinued operations (0.07) (0.02) 0.01
Basic—ordinary shares 0.12 0.35 0.17
Continuing operations 0.19 0.35 0.15
Discontinued operations (0.07) (0.01) 0.01
Diluted—ordinary shares $ 0.12 $ 0.34 $ 0.16
ORDINARY SHARES USED IN CALCULATING EARNINGS (LOSS) PER ORDINARY SHARE      
Basic—ordinary shares 311,715,158 265,070,961 261,742,244
Diluted—ordinary shares 325,506,335 272,926,319 264,817,755