XML 92 R73.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FINANCIAL STATEMENT SCHEDULE I (STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating expenses:      
Total operating expenses $ (137,220) $ (367,296) $ (45,790)
Loss from operations 783,430 3,040,626 1,051,418
Income tax expense 165,588 577,247 170,101
Net income attributable to Daqo New Energy Corp. ordinary shareholders 429,545 1,819,801 748,924
Other comprehensive income (loss):      
Comprehensive income 310,034 1,567,001 794,084
Parent Company      
Operating expenses:      
General and administrative (142,232) (295,431) (11,292)
Total operating expenses (142,232) (295,431) (11,292)
Loss from operations (142,232) (295,431) (11,292)
Interest income, net 3,835 144  
Income tax expense (9,020) (79,945)  
Net loss before share of results of subsidiaries (147,417) (375,232) (11,292)
Equity in earnings of subsidiaries 576,962 2,195,033 760,216
Net income attributable to Daqo New Energy Corp. ordinary shareholders 429,545 1,819,801 748,924
Other comprehensive income (loss):      
Foreign currency translation adjustments, net of tax of nil (119,511) (252,800) 45,160
Total other comprehensive income (loss): (119,511) (252,800) 45,160
Comprehensive income $ 310,034 $ 1,567,001 $ 794,084