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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Revenues $ 349,990,753 $ 301,599,897 $ 323,199,694
Cost of revenues (269,887,185) (203,486,191) (179,151,930)
Gross profit 80,103,568 98,113,706 144,047,764
Operating (expenses) income:      
Selling, general and administrative expenses (32,456,520) (27,076,669) (16,042,494)
Research and development expenses (5,708,325) (2,736,520) (676,323)
Other operating income, net 5,546,487 12,904,390 3,483,481
Total operating expenses, net (32,618,358) (16,908,799) (13,235,336)
Income from operations 47,485,210 81,204,907 130,812,428
Interest expense (10,396,961) (10,762,677) (16,262,205)
Interest income 983,158 1,235,873 464,515
Exchange (loss) gain (184,926) 1,836,160 (5,853)
Income before income taxes 37,886,481 73,514,263 115,008,885
Income tax expense (9,623,447) (11,716,545) (17,332,226)
Net income from continuing operations 28,263,034 61,797,718 97,676,659
(Loss) income from discontinued operations, net of tax 1,260,790 (23,032,181) (3,821,259)
Net income 29,523,824 38,765,537 93,855,400
Net income (loss) attributable to non-controlling interest (568) 640,832 1,014,272
Net income attributable to Daqo New Energy Corp. ordinary shareholders $ 29,524,392 $ 38,124,705 $ 92,841,128
NET EARNINGS (LOSS) PER ORDINARY SHARE      
Continuing operations $ 0.08 $ 0.20 $ 0.36
Discontinued operations 0.01 (0.08) (0.01)
Basic-ordinary shares 0.09 0.12 0.35
Continuing operations 0.08 0.19 0.35
Discontinued operations 0.00 (0.07) (0.01)
Diluted-ordinary shares $ 0.08 $ 0.12 $ 0.34
ORDINARY SHARES USED IN CALCULATING EARNINGS (LOSS) PER ORDINARY SHARE      
Basic-ordinary shares 339,571,054 311,715,158 265,070,961
Diluted-ordinary shares 349,961,558 325,506,335 272,926,319