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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,006,536 $ 3,038,827
Restricted cash 31,813 9,129
Notes receivable 55,153 116,358
Short-term investments 9,619 0
Prepaid expenses and other current assets 280,876 224,645
Advances to suppliers 10,401 14,314
Inventories 149,939 173,271
Fixed term deposit within one year $ 1,087,210 0
Amounts due from related parties- short-term portion   $ 34
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current assets $ 2,631,547 $ 3,576,578
Property, plant and equipment, net 3,499,210 3,626,423
Prepaid land use rights, net 152,869 150,358
Deferred tax assets 84,596 3,422
Amounts due from related parties- long-term portion $ 545 $ 25,033
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Fixed term deposit over one year $ 27,636 $ 27,584
Other non-current assets 21,840 17,468
TOTAL ASSETS 6,418,243 7,426,866
Current liabilities:    
Accounts payable 26,448 92,879
Notes payable 6,822 0
Advances from customers - short-term portion 37,192 148,984
Payables for purchases of property, plant and equipment 406,743 421,024
Accrued expenses and other current liabilities 33,309 73,082
Amounts due to related parties - short-term portion $ 10,210 $ 10,656
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Income tax payable $ 511 $ 89,804
Total current liabilities 521,235 836,429
Advances from customers - long-term portion 21,484 113,857
Deferred government subsidies 17,114 18,146
Deferred tax liabilities 544 10,150
Total liabilities 560,377 978,582
Commitments and contingencies (Note 13)
Ordinary shares    
$0.0001 par value 500,000,000 shares authorized as of December 31, 2023 and 2024; 415,330,312 shares issued and 328,513,282 shares outstanding as of December 31, 2023; 421,521,162 shares issued and 333,759,632 shares outstanding as of December 31, 2024 42 41
Additional paid-in capital 2,408,799 2,340,084
Retained earnings 2,983,173 3,328,388
Accumulated other comprehensive loss (413,210) (293,997)
Treasury shares, at cost (86,817,030 shares as of December 31, 2023; 87,761,530 shares as of December 31, 2024) (617,612) (612,609)
Total Daqo New Energy Corp. shareholders' equity 4,361,192 4,761,907
Non-controlling interest 1,496,674 1,686,377
Total shareholders' equity 5,857,866 6,448,284
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 6,418,243 $ 7,426,866