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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Revenues $ 675,602 $ 349,991 $ 301,600
Cost of revenues (441,610) (269,887) (203,486)
Gross profit 233,992 80,104 98,114
Operating (expenses) income:      
Selling, general and administrative expenses (39,472) (32,457) (27,077)
Research and development expenses (6,856) (5,708) (2,737)
Other operating income, net 191 5,546 12,904
Total operating expenses, net (46,137) (32,619) (16,910)
Income from operations 187,855 47,485 81,204
Interest expense (26,632) (10,397) (10,763)
Interest income 907 983 1,236
Exchange gain(loss)   (186) 1,836
Income before income taxes 162,130 37,885 73,513
Income tax expense (28,182) (9,623) (11,717)
Net income from continuing operations 133,948 28,262 61,796
(Loss) income from discontinued operations, net of tax (141) 1,261 (23,030)
Net income 133,807 29,523 38,766
Net income (loss) attributable to non-controlling interest 4,612 (1) 641
Net income attributable to Daqo New Energy Corp. ordinary shareholders $ 129,195 $ 29,524 $ 38,125
NET EARNINGS (LOSS) PER ORDINARY SHARE      
Continuing operations $ 0.36 $ 0.08 $ 0.20
Discontinued operations 0.00 0.01 (0.08)
Basic-ordinary shares 0.36 0.09 0.12
Continuing operations 0.34 0.08 0.19
Discontinued operations 0.00 0.00 (0.07)
Diluted-ordinary shares $ 0.34 $ 0.08 $ 0.12
ORDINARY SHARES USED IN CALCULATING EARNINGS (LOSS) PER ORDINARY SHARE      
Basic-ordinary shares 355,087,013 339,571,054 311,715,158
Diluted-ordinary shares 375,017,150 349,961,558 325,506,335