Daqo New Energy Announces Unaudited First Quarter 2019 Results
DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ)
Last daqo new energy corp. american depositary shares, each representing five ordinary shares earnings: 3/11 05:27 am
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Source: PR Newswire
SHIHEZI, China, May 21, 2019 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2019.First Quarter 2019 Financial and Operating HighlightsPolysilicon production volume of 8,764 MT in Q1 2019, compared to 7,301 MT in Q4 2018 Polysilicon external sales volume of 8,450 MT in Q1 2019, compared to 7,030 MT in Q4 2018 Polysilicon average total production cost(1) of $7.42 /kg in Q1 2019, compared to $7.94/kg in Q4 2018 Polysilicon average cash cost(1) of $6.20/kg in Q1 2019, compared to $6.64/kg in Q4 2018 Polysilicon average selling price (ASP) was $9.55/kg in Q1 2019, compared to $9.69/kg in Q4 2018 Revenue from continuing operations was $81.2 million in Q1 2019, compared to $75.6 million in Q4 2018 Gross profit from continuing operations was $18.3 million in Q1 2019, compared to $16.9 million
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