XML 91 R72.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FINANCIAL STATEMENT SCHEDULE I (BALANCE SHEET) (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,038,827 $ 3,499,488
Prepaid expenses and other current assets 224,645 52,932
Total current assets 3,576,578 4,889,163
TOTAL ASSETS 7,426,866 7,594,096
Current liabilities:    
Accrued expenses and other current liabilities 73,082 51,497
Total current liabilities 836,429 736,542
Equity:    
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
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,426,866 $ 7,594,096
Ordinary shares:    
Ordinary shares, par value (in dollars per share) $ 0.0001 $ 0.0001
Ordinary shares, shares authorized 500,000,000 500,000,000
Ordinary shares, shares issued 415,330,312 405,620,792
Ordinary shares, shares outstanding 328,513,282 391,023,327
Treasury shares 86,817,030 14,597,465
Parent Company    
Current assets:    
Cash and cash equivalents $ 218,841 $ 2,377
Prepaid expenses and other current assets   371
Total current assets 218,841 2,748
Investments in subsidiaries 4,632,501 4,884,756
TOTAL ASSETS 4,851,342 4,887,504
Current liabilities:    
Accrued expenses and other current liabilities 89,435 80,128
Total current liabilities 89,435 80,128
Equity:    
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
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,851,342 $ 4,887,504
Ordinary shares:    
Ordinary shares, par value (in dollars per share) $ 0.0001 $ 0.0001
Ordinary shares, shares authorized 500,000,000 500,000,000
Ordinary shares, shares issued 415,330,312 405,620,792
Ordinary shares, shares outstanding 328,513,282 391,023,327
Treasury shares 86,817,030 14,597,465