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RELATED PARTY TRANSACTIONS AND BALANCES (Tables) | 12 Months Ended
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Dec. 31, 2024
RELATED PARTY TRANSACTIONS AND BALANCES |
Schedule of material related party relationship | ​
Name of the related parties |  | Relationship
Daqo Group Co., Ltd. (“Daqo Group”) |  | Daqo Group and the Group are controlled by same group of shareholders
Daqo New Material Co., Ltd. (“Daqo New Material”) |  | An affiliated company controlled by Daqo Group
Chongqing Daqo Tailai Electric Co., Ltd. (“Chongqing Daqo Tailai”) |  | An affiliated company controlled by Daqo Group
Nanjing Daqo Transformer Systems Co., Ltd. (“Nanjing Daqo Transformer”) |  | An affiliated company controlled by Daqo Group
Jiangsu Daqo Changjiang Electric Co., Ltd. (“Jiangsu Daqo”) |  | An affiliated company controlled by Daqo Group
Nanjing Daqo Electric Co., Ltd. (“Nanjing Daqo Electric”) |  | An affiliated company controlled by Daqo Group
Zhenjiang Electric Equipment Co., Ltd. (“Zhenjiang Electric”) | ​ | An affiliated company controlled by Daqo Group
Zhenjiang Moeller Electric Appliance Co., Ltd.(“Zhenjiang Moeller”) | ​ | An affiliated company controlled by Daqo Group
Zhenjiang Daqo Intelligent Electric Co., Ltd (“Zhenjiang Daqo Intelligent”) | ​ | An affiliated company controlled by Daqo Group
Nanjiang Daqo Electric Institute Co.,Ltd.(“Electric Institute”) | ​ | An affiliated company controlled by Daqo Group
Nanjing Daqo Automation Technology Co.,Ltd.(“Nanjing Daqo Automation”) | ​ | An affiliated company controlled by Daqo Group
Zhenjiang Klockner-Moeller Electrical Systems Co., Ltd. (“Zhenjiang Moeller”) | ​ | An affiliated company controlled by Daqo Group
Jiangsu Daqo Enclosed Busbar Systems Co.,Ltd.(“Jiangsu Daqo Busbar”) | ​ | An affiliated company controlled by Daqo Group
Schedule of related party balances, loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2023 |  | 2024
Amounts due from related parties-short term |  | ​ |  |  | ​ |
Nanjing Daqo Transformer | ​ | $ | 32 | ​ | $ | —
Others | ​ |  | 2 | ​ |  | —
Total | ​ | $ | 34 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ | ​ | 2023 | ​ | 2024
Amounts due from related parties-long term | ​ | ​ | ​ | ​ | ​ | ​
Chongqing Daqo Tailai | ​ | $ | 14,696 | ​ | $ | —
Jiangsu Daqo | ​ |  | 6,500 | ​ |  | 9
Nanjing Daqo Electric | ​ |  | 2,085 | ​ |  | 391
Zhenjiang Moeller | ​ |  | 990 | ​ |  | 20
Zhenjiang Daqo Intelligent | ​ | ​ | 62 | ​ | ​ | 66
Others | ​ |  | 700 | ​ |  | 59
Total | ​ | $ | 25,033 | ​ | $ | 545
Schedule of related party balances, payables | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2023 |  | 2024
Amounts due to related parties – short term portion |  | ​ |  |  | ​ |
Daqo New Material | ​ | $ | 4,044 | ​ | $ | 4,069
Electric Institute | ​ | ​ | 3,485 | ​ | ​ | 1,193
Zhenjiang Electric | ​ | ​ | 2,575 | ​ | ​ | 42
Nanjing Daqo Transformer | ​ | ​ | 265 | ​ | ​ | 614
Jiangsu Daqo | ​ | ​ | 4 | ​ | ​ | 435
Nanjing Daqo Automation | ​ | ​ | — | ​ | ​ | 229
Chongqing Daqo Tailai | ​ | ​ | — | ​ | ​ | 3,388
Others | ​ | ​ | 283 | ​ | ​ | 240
Total | ​ | $ | 10,656 | ​ | $ | 10,210
​
Schedule of related party transactions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year Ended December 31,
Name of Related parties | ​ | Transaction Nature | ​ | 2022 | ​ | 2023 | ​ | 2024
Nanjing Daqo Transformer |  | Purchase-Fixed assets | ​ | $ | 29,874 | ​ | $ | 23,760 | ​ | $ | 12,130
​ |  | Purchase-Raw material | ​ |  | 39 | ​ | ​ | 47 | ​ | ​ | —
Chongqing Daqo Tailai |  | Purchase-Fixed assets | ​ |  | 22,511 | ​ | ​ | 28,252 | ​ | ​ | 28,670
Jiangsu Daqo Busbar |  | Purchase-Fixed assets | ​ |  | — | ​ | ​ | — | ​ | ​ | 671
Jiangsu Daqo |  | Purchase-Fixed assets | ​ |  | — | ​ | ​ | — | ​ | ​ | 7,847
Nanjing Daqo Electric | ​ | Purchase-Fixed assets | ​ |  | 8,209 | ​ | ​ | 12,526 | ​ | ​ | 559
​ |  | Purchase-Raw material | ​ |  | — | ​ | ​ | — | ​ | ​ | 1,372
Zhenjiang Electric | ​ | Purchase-Fixed assets | ​ | ​ | — | ​ | ​ | 1,505 | ​ | ​ | 20
​ | ​ | Purchase-Raw material | ​ | ​ | 4,241 | ​ | ​ | 5,017 | ​ | ​ | —
Zhenjiang Moeller | ​ | Purchase-Fixed assets | ​ | ​ | 9,331 | ​ | ​ | 8,755 | ​ | ​ | 630
Zhenjiang Daqo Intelligent | ​ | Purchase-Fixed assets | ​ | ​ | 6,271 | ​ | ​ | 4,991 | ​ | ​ | 83
Electric Institute | ​ | Purchase-Fixed assets | ​ | ​ | 593 | ​ | ​ | 7,107 | ​ | ​ | 997
Nanjing Daqo Automation |  | Purchase-Fixed assets | ​ | ​ | — | ​ | ​ | 2,210 | ​ | ​ | 945
Total | ​ | Purchase-Fixed assets | ​ | $ | 76,789 | ​ | $ | 89,106 | ​ | $ | 52,552
​ | ​ | Purchase-Raw material | ​ | $ | 4,280 | ​ | $ | 5,064 | ​ | $ | 1,372
​

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