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EARNINGS PER SHARE

12 Months Ended

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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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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