Year ended December 31,

2020

2021

2022

Numerator used in basic and diluted earnings per share:

Net income attributable to Daqo New Energy Corp. ordinary shareholders from continuing operations—basic

$

129,336

$

748,924

$

1,819,801

Loss attributable to Daqo New Energy Corp. ordinary shareholders from discontinued operations, net of tax

(141)

—

Net income attributable to Daqo New Energy Corp. ordinary shareholders—basic

$

129,195

$

748,924

$

1,819,801

Diluted earnings from the subsidiary

—

(15,432)

Net income attributable to Daqo New Energy Corp. ordinary shareholders—diluted

$

129,195

$

748,924

$

1,804,369

Denominator used in diluted earnings per share:

Weighted average number of ordinary shares outstanding used in computing earnings per share-basic

355,087,013

369,341,105

379,365,310

Plus: Dilutive effects of share options

4,421,397

1,735,798

885,140

Dilutive effects of RSUs

15,508,740

12,689,503

6,209,391

Weighted average number of ordinary shares outstanding used in computing earnings per share—diluted

375,017,150

383,766,406

386,459,841

Basic earnings per share-continuing operations

$

0.36

$

2.03

$

4.80

Basic earnings per share-discontinued operations

$

0.00

$

—

$

—

Net income attributable to Daqo New Energy Corp. per ordinary share—basic

$

0.36

$

2.03

$

4.80

Diluted earnings per share-continuing operations

$

0.34

$

1.95

$

4.67

Diluted earnings per share-discontinued operations

$

0.00

$

—

$

—

Net income attributable to Daqo New Energy Corp. per ordinary share—diluted

$

0.34

$

1.95

$

4.67