---
title: "Daqo New Energy: Expected net loss of 2.6 billion to 3.1 billion yuan in 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225348954.md"
description: "Daqo New Energy expects a net loss of 2.6 billion to 3.1 billion yuan in 2024, compared to a profit of 5.76 billion yuan in the same period last year. Due to the imbalance of supply and demand in the domestic polysilicon market, product prices continue to decline, and the overall gross profit and profitability levels of the industry have significantly decreased, putting pressure on the company's profitability and leading to a significant decline in performance"
datetime: "2025-01-17T12:13:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225348954.md)
  - [en](https://longbridge.com/en/news/225348954.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225348954.md)
generator: "portal-rs"
---

# Daqo New Energy: Expected net loss of 2.6 billion to 3.1 billion yuan in 2024

Daqo New Energy announced that it expects a net loss of 2.6 billion to 3.1 billion yuan in 2024, compared to a profit of 5.76 billion yuan in the same period last year; in 2024, the domestic polysilicon market will experience a worsening mismatch between supply and demand, product prices will continue to decline, even falling below the industry's cash costs, and the overall gross profit and profitability levels of the industry will decline significantly. As a core participant in the industry, the company directly bears the erosion pressure on profitability caused by price declines, resulting in a significant decrease in performance compared to the same period last year

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**