Daqo New Energy Corp. (DQ) reported that its fourth-quarter net loss attributable to shareholders was $75.6 million, compared to a loss of $39.4 million in the fourth quarter of 2011. Loss per ADS was $10.76 compared to a loss of $5.61 in the fourth quarter of 2011.
Excluding $42.8 million of long-lived asset impairment and $19.9 million valuation allowance for deferred tax asset, the non-GAAP net loss attributable to shareholders was $12.9 million.
Revenues were $6.2 million, compared to $27.3 million in the fourth quarter of 2011. The sales proceeds from polysilicon made by the Xinjiang facilities during pilot production period were excluded from the revenues recorded in the fourth quarter of 2012.
For the first quarter of 2013, the company expects to ship 720 MT of polysilicon. The company also expects to ship approximately 3.6 MW of wafer and 150 MT of polysilicon ingots and blocks.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.