Company data sheet · Daqo New Energy
Daqo New Energy: growth far beyond its economy.
- Industry
- Semiconductors & Related Devices Manufacturing
- Headquarters
- China
- Ticker
- DQ (NYSE)
- Sources
- SEC filings (2010–2026), Stratrix's verified Decision Cases, market data and official economic statistics for China
- Data as of
- October 18, 2026
- It outgrew its own economy many times over. Revenue rose from $0.2 billion in 2016 to $0.7 billion in 2025: 3.4 times as much. China's economy, counted the same way in money terms, grew about 83%. Whatever drove it, the economy around it does not account for growth of that size.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 239% in US dollars; the median among 586 large manufacturers grew 58%. It outgrew 89% of them.
- Still smaller than it was. Revenue reached $0.7 billion in 2025, 86% below its 2022 peak of $4.6 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.2 billion | $0 billion | |
| 2017 | $0.3 billion | $0.1 billion | |
| 2018 | $0.3 billion | $0 billion | |
| 2019 | $0.3 billion | $0 billion | |
| 2020 | $0.7 billion | $0.1 billion | |
| 2021 | $1.7 billion | $0.7 billion | |
| 2022 | $4.6 billion | $1.8 billion | |
| 2023 | $2.3 billion | $0.4 billion | |
| 2024 | $1 billion | −$0.3 billion | |
| 2025 | $0.7 billion | −$0.2 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 3 measures for China, every year since 2016, from the official sources.
- Peer comparison: against 953 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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