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RELATED PARTY TRANSACTIONS AND BALANCES

12 Months Ended

Dec. 31, 2022

RELATED PARTY TRANSACTIONS AND BALANCES

RELATED PARTY TRANSACTIONS AND BALANCES

12. RELATED PARTY TRANSACTIONS AND BALANCES

(1) The relationships between the Group and major related parties are as follows:

​

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
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
Zhenjiang Moeller Electric Appliance Co., Ltd.(“Zhenjiang Moeller”)	​	An affiliated company controlled by Daqo Group
Zhenjiang Daqo Intelligent Electric Co., Ltd ("Zhenjiang Daqo Intelligent")	​	An affiliated company controlled by Daqo Group

​

​

(2) Related party balances:

The balances due from related parties– short term portion of continuing and discontinued operations are as follows:

​

​	​	​	​	​	​	​
​	​	December 31,
​		2021			2022
Amounts due from related parties-short term		​			​
Nanjing Daqo Transformer	​	$	—	​	$	14
Others	​		—	​		4
Total	​	$	—	​	$	18

​

The balances due from related parties– long-term portion of continuing and discontinued operations are as follows:

​	​	​	​	​	​	​
​		December 31,
​	​	2021		​	2022
Amounts due from related parties-long term	​	​	​	​	​	​
Chongqing Daqo Tailai	​	$	—	​	$	9,588
Nanjing Daqo Electric	​		—	​		2,739
Zhenjiang Moeller	​		—	​		1,181
Zhenjiang Daqo Intelligent	​		—	​		793
Others	​		—	​		2,563
Total	​	$	—	​	$	16,864

​

The balances due to related parties – short-term portion of continuing operations are as follows:

​

​	​	​	​	​	​	​
​	​	December 31,
​		2021			2022
Amounts due to related parties – short term portion		​			​
Nanjing Daqo Transformer	​	$	1,729	​	$	3,429
Chongqing Daqo Tailai	​	​	2,085	​	​	80
Daqo New Material	​	​	4,673	​	​	4,161
Nanjing Daqo Electric	​	​	981	​	​	—
Jiangsu Daqo	​	​	612	​	​	4
Zhenjiang Electric	​	​	231	​	​	613
Others	​	​	504	​	​	130
Total	​	$	10,815	​	$	8,417

​

(3) Related party transactions:

The material transactions with the Group's related parties were as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Transaction	​	Year Ended December 31,
Name of Related parties		Nature		2020			2021			2022
Daqo Group		Repayment of interest free loans	​	$	11,597	​	$	4,650	​	$	—
Zhenjiang Daqo		Proceeds from interest free loans	​		4,349	​	​	—	​	​	—
​	​	Repayment of interest free loans	​	​	4,349	​	​	—	​	​	—
Zhenjiang Daqo Intelligent		Purchase-Fixed assets	​		—	​	​	—	​	​	6,271
Daqo Solar		Proceeds from interest free loans	​		18,520	​	​	13,213	​	​	—
​		Repayment of interest free loans	​		18,412	​	​	13,483	​	​	—
Nanjing Daqo Transformer		Purchase-fixed assets	​		40	​	​	12,913	​	​	29,874
​	​	Purchase-raw material	​		—	​	​	—	​	​	39
​	​	Repayment of interest free loans	​		8,131	​	​	—	​	​	—
Chongqing Daqo Tailai		Purchase-fixed assets	​		111	​	​	17,812	​	​	22,511
​		Repayment of interest free loans	​		5,049	​	​	—	​	​	—
Jiangsu Daqo		Purchase-fixed assets	​		—	​	​	5,299	​	​	—
Nanjing Daqo Electric		Purchase-fixed assets	​	​	45	​	​	8,553	​	​	8,209
Zhenjiang Electric		Purchase-raw material	​	​	—	​	​	1,967	​	​	4,241
Zhenjiang Moeller	​	Purchase-fixed assets	​	​	—	​	​	—	​	​	9,331
Total	​	Purchase-fixed assets	​	$	196	​	$	44,577	​	$	76,196
​		Purchase-raw material	​	$	—	​	$	1,967	​	$	4,280
​	​	Proceeds from related parties loans	​	$	22,869	​	$	13,213	​	$	—
​	​	Repayment of related parties loans	​	$	47,538	​	$	18,133	​	$	—

​

Note: The Group's transactions with related parties were carried out on an arm's-length basis.

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- References

No definition available.

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- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI https://asc.fasb.org/topic&trid=2122745

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

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