Daqo New Energy Corp. (DQ)

Daqo New Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	791.93	1,007	3,039	3,499	723.78	76.6
Short-Term Investments	1,294	1,097	-	13.93	280.25	-
Cash & Short-Term Investments	2,085	2,103	3,039	3,513	1,004	76.6
Cash Growth	-22.45%	-30.78%	-13.51%	249.93%	1210.81%	47.75%
Accounts Receivable	62.82	55.15	116.36	1,132	365.91	0.15
Other Receivables	-	-	0.03	0.02	-	0.13
Receivables	62.82	55.15	116.39	1,132	365.91	0.28
Inventory	125.92	149.94	173.27	169.52	327.77	49.24
Prepaid Expenses	-	280.88	224.65	52.93	41.68	-
Restricted Cash	-	31.81	9.13	20.86	0.19	41.81
Other Current Assets	303.16	10.4	14.31	0.85	3.4	12.35
Total Current Assets	2,577	2,632	3,577	4,889	1,743	180.27
Property, Plant & Equipment	3,460	3,499	3,626	2,605	1,559	1,027
Long-Term Investments	-	27.64	27.58	-	-	-
Other Intangible Assets	152.85	152.87	150.36	80.33	40.74	30.83
Long-Term Deferred Tax Assets	-	84.6	3.42	1.81	-	-
Other Long-Term Assets	120.28	22.39	42.5	17.6	0.82	0.96
Total Assets	6,311	6,418	7,427	7,594	3,344	1,239
Accounts Payable	28.69	33.27	95.72	103.18	81.7	68.31
Accrued Expenses	-	33.31	73.08	51.5	40.85	25.7
Short-Term Debt	-	-	-	-	-	15.32
Current Portion of Long-Term Debt	-	-	-	-	-	55.11
Current Portion of Leases	-	-	-	-	-	0.08
Current Income Taxes Payable	-	0.51	89.8	221.63	71.47	22.68
Current Unearned Revenue	33.03	37.19	148.98	121.99	202.96	37.78
Other Current Liabilities	397.03	416.95	428.84	238.24	153.52	59.15
Total Current Liabilities	458.76	521.24	836.43	736.54	550.5	284.14
Long-Term Debt	-	-	-	-	-	123.22
Long-Term Unearned Revenue	20.97	38.6	132	172.41	112.6	25.17
Long-Term Deferred Tax Liabilities	-	0.54	10.15	80.54	16.73	3.46
Other Long-Term Liabilities	17.61	-	-	-	-	4.24
Total Liabilities	497.34	560.38	978.58	989.49	679.82	440.23
Common Stock	4,329	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	-	2,409	2,340	2,211	1,017	412.45
Retained Earnings	-	2,983	3,328	2,899	1,079	330.12
Treasury Stock	-	-617.61	-612.61	-126.68	-1.75	-1.75
Comprehensive Income & Other	-	-413.21	-294	-176.03	67.77	26.27
Total Common Equity	4,329	4,361	4,762	4,807	2,162	767.12
Minority Interest	1,484	1,497	1,686	1,797	501.87	31.79
Shareholders' Equity	5,813	5,858	6,448	6,605	2,664	798.92
Total Liabilities & Equity	6,311	6,418	7,427	7,594	3,344	1,239
Total Debt	-	-	-	-	-	193.74
Net Cash (Debt)	2,085	2,103	3,039	3,513	1,004	-117.14
Net Cash Growth	-22.45%	-30.78%	-13.51%	249.93%	-	-
Net Cash Per Share	31.38	31.79	40.54	45.46	13.08	-1.56
Filing Date Shares Outstanding	66.94	67.06	66.01	77.27	74.51	73.51
Total Common Shares Outstanding	66.94	66.75	65.7	78.2	74.51	73.05
Working Capital	2,119	2,110	2,740	4,153	1,192	-103.86
Book Value Per Share	64.67	65.33	72.48	61.47	29.02	10.50
Tangible Book Value	4,176	4,208	4,612	4,727	2,121	736.29
Tangible Book Value Per Share	62.39	63.04	70.19	60.44	28.47	10.08
Buildings	-	1,221	906.29	555.71	468.31	444.83
Machinery	-	3,102	2,148	1,177	970.8	937.11
Construction In Progress	-	50.09	1,108	1,278	586.56	26.83

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q