Daqo New Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 484.84 million compared to USD 1,219.69 million a year ago. Net loss was USD 6.31 million compared to net income of USD 323.41 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 4.3 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 4.2 a year ago.
For the nine months, sales was USD 1,831.4 million compared to USD 3,744.1 million a year ago. Net income was USD 376.21 million compared to USD 1,487.07 million a year ago. Basic earnings per share from continuing operations was USD 4.95 compared to USD 19.8 a year ago. Diluted earnings per share from continuing operations was USD 4.9 compared to USD 19.4 a year ago.