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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,038,827 $ 3,499,488
Restricted cash 9,129 20,863
Notes receivable 116,358 1,131,566
Short-term investments 0 13,927
Prepaid expenses and other current assets 224,645 52,932
Advances to suppliers 14,314 852
Inventories 173,271 169,517
Amounts due from related parties- short-term portion $ 34 $ 18
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current assets $ 3,576,578 $ 4,889,163
Property, plant and equipment, net 3,626,423 2,605,195
Prepaid land use rights, net 150,358 80,330
Deferred tax assets 3,422 1,809
Amounts due from related parties- long-term portion $ 25,033 $ 16,864
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Long term prepaid expenses $ 16,781 $ 0
Other non-current assets 28,271 735
TOTAL ASSETS 7,426,866 7,594,096
Current liabilities:    
Accounts payable 92,879 81,875
Notes payable   20,687
Advances from customers - short-term portion 148,984 121,992
Payables for purchases of property, plant and equipment 421,024 230,440
Accrued expenses and other current liabilities 73,082 51,497
Amounts due to related parties - short-term portion $ 10,656 $ 8,417
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Income tax payable $ 89,804 $ 221,634
Total current liabilities 836,429 736,542
Advances from customers - long-term portion 113,857 153,176
Deferred government subsidies 18,146 19,232
Deferred tax liabilities 10,150 80,540
Total liabilities 978,582 989,490
Ordinary shares    
$0.0001 par value 500,000,000 shares authorized as of December 31, 2022 and 2023; 405,620,792 shares issued and 391,023,327 shares outstanding as of December 31, 2022; 415,330,312 shares issued and 328,513,282 shares outstanding as of December 31, 2023 41 40
Additional paid-in capital 2,340,084 2,211,203
Retained earnings 3,328,388 2,898,843
Accumulated other comprehensive loss (293,997) (176,032)
Treasury shares, at cost (14,597,465 shares as of December 31, 2022; 86,817,030 shares as of December 31, 2023) (612,609) (126,678)
Total Daqo New Energy Corp. shareholders' equity 4,761,907 4,807,376
Non-controlling interest 1,686,377 1,797,230
Total shareholders' equity 6,448,284 6,604,606
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,426,866 $ 7,594,096