XML 23 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 2,307,695 $ 4,608,350 $ 1,678,793
Cost of revenues (1,387,045) (1,200,428) (581,585)
Gross profit 920,650 3,407,922 1,097,208
Operating (expenses) income:      
Selling, general and administrative expenses (213,241) (354,074) (39,904)
Research and development expenses (10,116) (10,041) (6,495)
Other operating income (expense), net 86,137 (3,181) 609
Total operating expenses, net (137,220) (367,296) (45,790)
Income from operations 783,430 3,040,626 1,051,418
Interest (expense) income, net 52,302 14,473 (20,482)
Exchange gain (loss) (17,367) 680  
Investment income, net 109 1,110 4,012
Income before income taxes 818,474 3,056,889 1,034,948
Income tax expense (165,588) (577,247) (170,101)
Net income 652,886 2,479,642 864,847
Net income attributable to non-controlling interest 223,341 659,841 115,923
Net income attributable to Daqo New Energy Corp. ordinary shareholders $ 429,545 $ 1,819,801 $ 748,924
Net earnings per ordinary share      
Basic-ordinary shares $ 1.15 $ 4.80 $ 2.03
Diluted-ordinary shares $ 1.15 $ 4.67 $ 1.95
Ordinary shares used in calculating earnings per ordinary share      
Basic-ordinary shares 373,586,004 379,365,310 369,341,105
Diluted-ordinary shares 374,817,676 386,459,841 383,766,406