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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2024
EARNINGS PER SHARE |
EARNINGS PER SHARE | 12. EARNINGS PER SHARE The calculation of earnings per share is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
Numerator used in basic and diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to Daqo New Energy Corp. ordinary shareholders—basic | ​ | $ | 1,819,801 | ​ | $ | 429,545 | ​ | $ | (345,215)
Diluted earnings from the subsidiary | ​ | ​ | (15,432) | ​ | ​ | (237) | ​ | ​ | —
Net income attributable to Daqo New Energy Corp. ordinary shareholders—diluted | ​ | $ | 1,804,369 | ​ | $ | 429,308 | ​ | $ | (345,215)
Denominator used in diluted earnings per share: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of ordinary shares outstanding used in computing earnings per share-basic | ​ |  | 379,365,310 | ​ | ​ | 373,586,004 | ​ | ​ | 330,800,038
Plus: Dilutive effects of share options | ​ |  | 885,140 | ​ | ​ | 88,479 | ​ | ​ | —
Dilutive effects of RSUs | ​ | ​ | 6,209,391 | ​ | ​ | 1,143,193 | ​ | ​ | —
Weighted average number of ordinary shares outstanding used in computing earnings per share—diluted | ​ | ​ | 386,459,841 | ​ | ​ | 374,817,676 | ​ | ​ | 330,800,038
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share | ​ | $ | 4.80 | ​ | $ | 1.15 | ​ | $ | (1.04)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted earnings per share | ​ | $ | 4.67 | ​ | $ | 1.15 | ​ | $ | (1.04)
​ Diluted earnings per share does not include the following instruments as their inclusion would be antidilutive: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
Non-vested Restricted-Share-Units | ​ | 9,056,071 |  | 11,406,944 |  | 4,571,052
Subsidiary’s Share Incentive Plan | ​ | 461,041 |  | 799,366 |  | —
Total | ​ | 9,517,112 | ​ | 12,206,310 | ​ | 4,571,052
​

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