Chinese PV Industry Brief: Daqo reports revenue drop due to lower selling prices

Daqo increased polysilicon production volume in 2023 to 197,831 MT, representing a 47. 8% year-over-year increase compared to 133,812 MT produced in 2022. Daqo New Energy said it increased polysilicon production volume in 2023 to 197,831 MT, representing a 47. 8% year-over-year increase compared to 133,812 MT produced in 2022. Looking ahead, production volume in 2024 is forecast to be between 280,000 MT and 300,000 MT, approximately 40% to 50% more than 2023. As for financials, it noted annual revenue in 2023 of $2. 3 billion compared to $4. 6 billion on 2022 due to "much lower" average selling ...

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