Xinjiang Daqo New Energy Co.Ltd(688303) the performance forecast was released on January 24. It is estimated that the net profit attributable to the owners of the parent company will reach 5.6 billion yuan to 5.8 billion yuan in 2021, with a year-on-year increase of about 4.557 billion yuan to 4.757 billion yuan, with a year-on-year increase of 436.69% – 455.86%.
The company said that in 2021, the photovoltaic market continued to grow, the production expansion and speed-up of downstream monocrystalline silicon enterprises and the demand for high-quality polycrystalline silicon increased significantly, while the overall supply of high-purity polycrystalline silicon was in short supply, so the market price of polycrystalline silicon continued to rise. During the reporting period, the company maintained full production and increased production and sales compared with the same period last year, so the performance increased significantly.
At the same time, Xinjiang Daqo New Energy Co.Ltd(688303) announcement disclosed that the company plans to issue A-Shares to specific objects, and the total amount of funds raised will not exceed 11 billion yuan. After deducting the issuance expenses, it will be used for the project of 100000 tons of high-purity silicon-based materials per year and supplement working capital.
Xinjiang Daqo New Energy Co.Ltd(688303) said that the company actively responded to the national “double carbon” strategic goal and the call of relevant industrial policies to produce high-quality polysilicon to meet the needs of the rapid growth of photovoltaic industry and the transformation and upgrading of photovoltaic cell technology. The fund-raising investment project aims to seize the strategic opportunity of the development of the photovoltaic industry and expand the production capacity of high-purity polysilicon, especially the production capacity of n-type silicon material representing higher conversion efficiency, which will be greatly improved with the implementation of the investment project, so as to comply with the requirements of efficient development of the photovoltaic market and alleviate the contradiction of insufficient supply of high-quality products in the market, Promote technological progress and industrial upgrading of photovoltaic industry.
In addition, part of the raised funds will be used to supplement working capital, which will help alleviate the capital pressure of the company, promote the expansion of the company’s business scale, and ensure the continuous and normal development of the company’s R & D, innovation and business expansion.
