# Daqo New Energy Corp.: Form 20-F for the period ended Dec 31, 2023

- Company: [Daqo New Energy Corp.](/companies/dq.md) (CIK 1477641)
- Form: 20-F
- Filed: 2024-04-29
- Accepted by EDGAR: Apr 29, 2024, 07:16 ET
- Period: 2023-12-31
- Accession: 0001104659-24-053433
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1477641/000110465924053433/dq-20231231x20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1477641/000110465924053433/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2023-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2023-01-01 to 2023-12-31 | $2.31bn | us-gaap:Revenues |
| Cost of revenue | 12 months, 2023-01-01 to 2023-12-31 | $1.39bn | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2023-01-01 to 2023-12-31 | $920.6m | us-gaap:GrossProfit |
| Research and development | 12 months, 2023-01-01 to 2023-12-31 | $10.1m | us-gaap:ResearchAndDevelopmentExpense |
| Selling, general and administrative | 12 months, 2023-01-01 to 2023-12-31 | $213.2m | us-gaap:SellingGeneralAndAdministrativeExpense |
| Operating income | 12 months, 2023-01-01 to 2023-12-31 | $783.4m | us-gaap:OperatingIncomeLoss |
| Income tax | 12 months, 2023-01-01 to 2023-12-31 | $165.6m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2023-01-01 to 2023-12-31 | $429.5m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2023-01-01 to 2023-12-31 | $1.15 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2023-01-01 to 2023-12-31 | $1.15 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2023-01-01 to 2023-12-31 | 374,817,676 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2023-01-01 to 2023-12-31 | $1.62bn | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2023-01-01 to 2023-12-31 | $1.11bn | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Share repurchases | 12 months, 2023-01-01 to 2023-12-31 | $485.9m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | at 2023-12-31 | $3.04bn | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2023-12-31 | $3.58bn | us-gaap:AssetsCurrent |
| Total assets | at 2023-12-31 | $7.43bn | us-gaap:Assets |
| Current liabilities | at 2023-12-31 | $836.4m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2023-12-31 | $978.6m | us-gaap:Liabilities |
| Shareholders' equity | at 2023-12-31 | $4.76bn | us-gaap:StockholdersEquity |
| Shares outstanding | at 2023-12-31 | 328,513,282 shares | dei:EntityCommonStockSharesOutstanding |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1477641/000110465924053433/dq-20231231x20f.htm

Filed Apr 29, 2024.
Source: SEC EDGAR, the filing index for accession 0001104659-24-053433. Last ingested by Listed: Oct 29, 2026, 07:39 ET. No prices; not investment advice.