Daqo New Energy Corp
NYSE:DQ
Income Statement
Earnings Waterfall
Daqo New Energy Corp
Revenue
|
2B
USD
|
Cost of Revenue
|
-1.5B
USD
|
Gross Profit
|
486m
USD
|
Operating Expenses
|
-135.8m
USD
|
Operating Income
|
350.2m
USD
|
Other Expenses
|
-184m
USD
|
Net Income
|
166.2m
USD
|
Income Statement
Daqo New Energy Corp
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
107
N/A
|
123
+15%
|
170
+39%
|
183
+7%
|
182
0%
|
173
-5%
|
172
0%
|
182
+6%
|
198
+9%
|
235
+19%
|
242
+3%
|
196
-19%
|
255
+30%
|
232
-9%
|
250
+8%
|
323
+29%
|
335
+4%
|
350
+5%
|
345
-2%
|
302
-13%
|
287
-5%
|
290
+1%
|
307
+6%
|
350
+14%
|
438
+25%
|
505
+15%
|
547
+8%
|
676
+24%
|
763
+13%
|
1 071
+40%
|
1 531
+43%
|
1 679
+10%
|
2 703
+61%
|
3 506
+30%
|
4 140
+18%
|
4 608
+11%
|
4 038
-12%
|
3 431
-15%
|
2 696
-21%
|
2 308
-14%
|
2 013
-13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(107)
|
(103)
|
(139)
|
(139)
|
(140)
|
(137)
|
(139)
|
(145)
|
(152)
|
(163)
|
(159)
|
(118)
|
(156)
|
(148)
|
(160)
|
(179)
|
(184)
|
(187)
|
(196)
|
(204)
|
(214)
|
(234)
|
(245)
|
(270)
|
(319)
|
(373)
|
(387)
|
(442)
|
(467)
|
(494)
|
(564)
|
(582)
|
(911)
|
(1 070)
|
(1 161)
|
(1 200)
|
(937)
|
(1 017)
|
(1 193)
|
(1 387)
|
(1 527)
|
|
Gross Profit |
(0)
N/A
|
20
N/A
|
32
+58%
|
43
+37%
|
43
-1%
|
36
-15%
|
33
-8%
|
38
+13%
|
46
+22%
|
72
+56%
|
83
+16%
|
78
-6%
|
100
+28%
|
84
-16%
|
90
+8%
|
144
+60%
|
151
+5%
|
163
+8%
|
149
-9%
|
98
-34%
|
73
-25%
|
57
-23%
|
62
+9%
|
80
+29%
|
118
+48%
|
133
+12%
|
160
+21%
|
234
+47%
|
296
+27%
|
577
+95%
|
967
+68%
|
1 097
+13%
|
1 792
+63%
|
2 436
+36%
|
2 979
+22%
|
3 408
+14%
|
3 101
-9%
|
2 413
-22%
|
1 502
-38%
|
921
-39%
|
486
-47%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(172)
|
(9)
|
(11)
|
(11)
|
(13)
|
(14)
|
(14)
|
(10)
|
(10)
|
(11)
|
(13)
|
(17)
|
(15)
|
(16)
|
(17)
|
(13)
|
(13)
|
(17)
|
(22)
|
(17)
|
(22)
|
(24)
|
(24)
|
(32)
|
(34)
|
(37)
|
(40)
|
(46)
|
(45)
|
(44)
|
(46)
|
(46)
|
(53)
|
(61)
|
(333)
|
(367)
|
(394)
|
(419)
|
(179)
|
(137)
|
(136)
|
|
Selling, General & Administrative |
(12)
|
(7)
|
(10)
|
(10)
|
(13)
|
(15)
|
(15)
|
(13)
|
(12)
|
(13)
|
(15)
|
(15)
|
(16)
|
(16)
|
(15)
|
(16)
|
(16)
|
(20)
|
(23)
|
(27)
|
(31)
|
(32)
|
(32)
|
(33)
|
(33)
|
(36)
|
(37)
|
(40)
|
(40)
|
(39)
|
(41)
|
(40)
|
(47)
|
(52)
|
(320)
|
(354)
|
(380)
|
(409)
|
(218)
|
(213)
|
(210)
|
|
Research & Development |
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(4)
|
(4)
|
(3)
|
(1)
|
(0)
|
(0)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
|
Other Operating Expenses |
(157)
|
0
|
1
|
1
|
1
|
2
|
2
|
4
|
4
|
4
|
5
|
2
|
6
|
5
|
2
|
4
|
3
|
4
|
4
|
13
|
13
|
13
|
13
|
6
|
6
|
5
|
4
|
0
|
1
|
1
|
2
|
1
|
1
|
(2)
|
(4)
|
(3)
|
(4)
|
(1)
|
49
|
86
|
84
|
|
Operating Income |
(173)
N/A
|
11
N/A
|
20
+88%
|
32
+58%
|
30
-8%
|
22
-24%
|
20
-13%
|
28
+42%
|
36
+28%
|
60
+70%
|
70
+16%
|
61
-13%
|
85
+38%
|
68
-20%
|
74
+9%
|
131
+77%
|
138
+5%
|
147
+6%
|
128
-13%
|
81
-36%
|
51
-37%
|
33
-36%
|
38
+15%
|
48
+27%
|
84
+77%
|
96
+13%
|
120
+26%
|
188
+57%
|
251
+34%
|
533
+112%
|
921
+73%
|
1 051
+14%
|
1 739
+65%
|
2 374
+37%
|
2 646
+11%
|
3 041
+15%
|
2 708
-11%
|
1 994
-26%
|
1 323
-34%
|
783
-41%
|
350
-55%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(13)
|
(12)
|
(16)
|
(15)
|
(14)
|
(13)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(13)
|
(15)
|
(16)
|
(16)
|
(16)
|
(15)
|
(14)
|
(10)
|
(8)
|
(6)
|
(5)
|
(8)
|
(10)
|
(14)
|
(19)
|
(21)
|
(26)
|
(27)
|
(27)
|
(26)
|
(17)
|
(9)
|
(6)
|
6
|
16
|
28
|
25
|
34
|
35
|
35
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(185)
N/A
|
(1)
+99%
|
5
N/A
|
17
+246%
|
15
-7%
|
10
-36%
|
8
-23%
|
14
+89%
|
22
+57%
|
46
+107%
|
56
+21%
|
49
-13%
|
70
+43%
|
52
-25%
|
58
+10%
|
115
+100%
|
123
+7%
|
133
+8%
|
118
-11%
|
74
-38%
|
45
-39%
|
28
-38%
|
30
+9%
|
38
+27%
|
71
+85%
|
77
+9%
|
99
+28%
|
162
+64%
|
224
+38%
|
506
+126%
|
896
+77%
|
1 035
+16%
|
1 730
+67%
|
2 368
+37%
|
2 651
+12%
|
3 057
+15%
|
2 736
-11%
|
2 019
-26%
|
1 357
-33%
|
818
-40%
|
385
-53%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(2)
|
(5)
|
(7)
|
(7)
|
(11)
|
(11)
|
(13)
|
(17)
|
(19)
|
(20)
|
(16)
|
(12)
|
(7)
|
(4)
|
(5)
|
(10)
|
(15)
|
(16)
|
(21)
|
(28)
|
(36)
|
(77)
|
(133)
|
(170)
|
(286)
|
(386)
|
(479)
|
(577)
|
(529)
|
(430)
|
(296)
|
(166)
|
(99)
|
|
Income from Continuing Operations |
(186)
|
(1)
|
5
|
17
|
15
|
10
|
7
|
13
|
20
|
41
|
49
|
41
|
59
|
41
|
44
|
98
|
104
|
113
|
103
|
62
|
38
|
24
|
25
|
29
|
56
|
61
|
78
|
134
|
188
|
428
|
762
|
865
|
1 445
|
1 982
|
2 172
|
2 480
|
2 207
|
1 589
|
1 061
|
653
|
286
|
|
Income to Minority Interest |
146
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(1)
|
(5)
|
(9)
|
(19)
|
(82)
|
(116)
|
(243)
|
(385)
|
(544)
|
(660)
|
(645)
|
(550)
|
(352)
|
(223)
|
(120)
|
|
Net Income (Common) |
(39)
N/A
|
(1)
+98%
|
5
N/A
|
17
+232%
|
15
-8%
|
10
-36%
|
7
-29%
|
13
+86%
|
20
+55%
|
41
+103%
|
49
+20%
|
44
-11%
|
58
+33%
|
50
-13%
|
63
+26%
|
93
+47%
|
102
+9%
|
103
+1%
|
60
-41%
|
38
-37%
|
13
-66%
|
(3)
N/A
|
21
N/A
|
30
+42%
|
56
+90%
|
61
+8%
|
77
+26%
|
129
+69%
|
179
+39%
|
409
+128%
|
680
+66%
|
749
+10%
|
1 202
+60%
|
1 597
+33%
|
1 628
+2%
|
1 820
+12%
|
1 563
-14%
|
1 039
-34%
|
709
-32%
|
430
-39%
|
166
-61%
|
|
EPS (Diluted) |
-0.05
N/A
|
0
N/A
|
0.01
N/A
|
0.02
+100%
|
0.07
+250%
|
0.04
-43%
|
0.02
-50%
|
0.05
+150%
|
0.06
+20%
|
0.14
+133%
|
0.17
+21%
|
0.15
-12%
|
0.23
+53%
|
0.18
-22%
|
0.23
+28%
|
0.35
+52%
|
0.36
+3%
|
0.39
+8%
|
0.22
-44%
|
0.11
-50%
|
0.04
-64%
|
0
N/A
|
0.08
N/A
|
0.08
N/A
|
0.17
+113%
|
0.19
+12%
|
0.23
+21%
|
0.34
+48%
|
0.48
+41%
|
1.08
+125%
|
1.78
+65%
|
1.95
+10%
|
3.14
+61%
|
4.17
+33%
|
4.25
+2%
|
4.71
+11%
|
3.96
-16%
|
2.69
-32%
|
9.55
+255%
|
1.15
-88%
|
0.5
-57%
|