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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

12. EARNINGS PER SHARE

The calculation of earnings per share is as follows:

​

​	​	​	​	​	​	​	​	​	​
​	​	Year ended December 31,
​		2021			2022			2023
Numerator used in basic and diluted earnings per share:	​	​	​	​	​	​	​	​	​
Net income attributable to Daqo New Energy Corp. ordinary shareholders—basic	​	$	748,924	​	$	1,819,801	​	$	429,545
Diluted earnings from the subsidiary	​	​	—	​	​	(15,432)	​	​	(237)
Net income attributable to Daqo New Energy Corp. ordinary shareholders—diluted	​	$	748,924	​	$	1,804,369	​	$	429,308
Denominator used in diluted earnings per share:	​		​	​	​	​	​	​	​
Weighted average number of ordinary shares outstanding used in computing earnings per share-basic	​		369,341,105	​	​	379,365,310	​	​	373,586,004
Plus: Dilutive effects of share options	​		1,735,798	​	​	885,140	​	​	88,479
Dilutive effects of RSUs	​	​	12,689,503	​	​	6,209,391	​	​	1,143,193
Weighted average number of ordinary shares outstanding used in computing earnings per share—diluted	​	​	383,766,406	​	​	386,459,841	​	​	374,817,676
​	​	​	​	​	​	​	​	​	​
Basic earnings per share	​	$	2.03	​	$	4.80	​	$	1.15
​	​	​	​	​	​	​	​	​	​
Diluted earnings per share	​	$	1.95	​	$	4.67	​	$	1.15

​

Diluted earnings per share does not include the following instruments as their inclusion would be antidilutive:

​

​	​	​	​	​	​	​
​	​	Year ended December 31,
​		2021		2022		2023
Non-vested Restricted-Share-Units	​	42,659		9,056,071		11,406,944
Subsidiary’s Share Incentive Plan	​	—		461,041		799,366
Total	​	42,659	​	9,517,112	​	12,206,310

​

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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