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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS AND BALANCES

Schedule of material related party relationship

​

Name of the related party		Relationship
Daqo Group Co., Ltd. (“Daqo Group”)		Daqo Group and the Group are controlled by same group of shareholders
Zhenjiang Daqo Solar Co. Ltd.(“Zhenjiang Daqo”)		An affiliated company controlled by Daqo Group
Daqo Solar Co. Ltd (“Daqo Solar”)		An affiliated company controlled by Daqo Group
Xinjiang Daqo Investment Co., Ltd. (“Xinjiang Daqo Investment”)		An affiliated company controlled by Daqo Group before December 20,2018 and controlled by the Group since December 20,2018
Daqo New Material Co., Ltd. (“Daqo New Material”)		An affiliated company controlled by Daqo Group
Chongqing Daqo Tailai Electric Co., Ltd. (“Chongqing Daqo Tailai”)		An affiliated company controlled by Daqo Group
Nanjing Daqo Transformer Systems Co., Ltd. (“Nanjing Daqo Transformer”)		An affiliated company controlled by Daqo Group
Jiangsu Daqo Changjiang Electric Co., Ltd. (“Jiangsu Daqo”)		An affiliated company controlled by Daqo Group
Nanjing Daqo Electric Co., Ltd. (“Nanjing Daqo Electric”)		An affiliated company controlled by Daqo Group
Zhenjiang Electric Equipment Co., Ltd. ( “Zhenjiang Electric”)		An affiliated company controlled by Daqo Group
Daqo Investment Co.,Ltd.(“Daqo Investment”)	​	An affiliated company controlled by Daqo Group
Nanjing Yidian Huichuang Information Technology Co.,Ltd. (“Nanjing Yidian”)	​	An affiliated company controlled by Daqo Group, and disposed in September 2020

Schedule of Related Party Balances, Loans

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​	​	​	​	​	​	​
​	​	December 31,
​		2019			2020
Amounts due from related parties (continuing operations)		​			​
Nanjing Daqo Transformer	​	$	—	​	$	104
Others	​		17	​		25
Total	​	$	17	​	$	129

Schedule of Related Party Balances, Payables

​

​	​	​	​	​	​	​
​	​	December 31,
​		2019			2020
Amounts due to related parties – short term portion (continuing operations)		​			​
Nanjing Daqo Transformer	​	$	9,637	​	$	170
Chongqing Daqo Tailai	​	​	8,004	​	​	55
Daqo Group	​	​	7,904	​	​	—
Daqo New Material	​	​	4,266	​	​	4,549
Nanjing Daqo Electric	​	​	3,241	​	​	—
Jiangsu Daqo	​	​	3,162	​	​	5
Zhenjiang Electric	​	​	1,490	​	​	—
Others	​		1,121	​		371
Total	​	$	38,825	​	$	5,150
Amounts due to related parties – short term portion (discontinued operations)	​		​	​		​
Others	​		188	​		—
Total	​	$	188	​	$	—

Schedule of Related Party Transactions

The material transactions with Daqo Group and its subsidiaries were as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Transaction	​	Year Ended December 31,
Name of Related parties		Nature		2018			2019			2020
Daqo Group		Proceeds from interest free loans	​	$	25,745	​	$	—	​	$	—
​		Repayment of interest free loans	​		36,648	​		—	​		11,597
​		Repayment of interest bearing loans	​		—	​		—	​		—
Zhenjiang Daqo		Proceeds from interest free loans	​		10,904	​		—	​		4,349
​	​	Repayment of interest free loans	​	​	—	​	​	—	​	​	4,349
​		Sales	​		6,695	​		3,987	​		—
Daqo Solar		Proceeds from interest free loans	​		55,613	​		16,005	​		18,520
​		Repayment of interest free loans	​		55,651	​		16,005	​		18,412
Nanjing Daqo Transformer		Purchase-Fixed assets	​		6,201	​		12,337	​		40
​	​	Proceeds from interest free loans	​		—	​		1,842	​		—
​	​	Repayment of interest free loans	​		—	​		1,842	​		8,131
Xinjiang Daqo Investment		Proceeds from interest free loans	​		3,937	​		*	​		*
​		Repayment of interest free loans	​		4,021	​		*	​		*
Daqo New Material		Proceeds from interest free loans	​		1,893	​		—	​		—
​		Repayment of interest free loans	​		1,893	​		—	​		—
Chongqing Daqo Tailai		Purchase-Fixed assets	​		8,241	​		15,212	​		111
​		Proceeds from interest free loans	​		6,209	​		2,541	​		—
​		Repayment of interest free loans	​		6,209	​		2,541	​		5,049
Jiangsu Daqo		Purchase-Fixed assets	​		1,327	​		4,115	​		—
Nanjing Daqo Electric		Purchase-Fixed assets	​	​	1,439	​	​	6,229	​	​	45
Zhenjiang Electric		Purchase-Raw material	​	​	332	​	​	1,700	​	​	—
Nanjing Yidian	​	Purchase-Fixed assets	​	​	975	​	​	8,690	​	​	1,218
​	​	Purchase-Raw material	​	​	566	​	​	1,625	​	​	560
Total		Sales	​	$	6,695	​	$	3,987	​	$	—
​	​	Purchase-Fixed assets	​	$	18,183	​	$	46,583	​	$	1,414
​	​	Purchase-Raw material	​	$	898	​	$	3,325	​	$	560
​	​	Proceeds from related parties loans	​	$	104,301	​	$	20,388	​	$	22,869
​	​	Repayment of related parties loans	​	$	104,422	​	$	20,388	​	$	47,538

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