About Daqo New Energy
Daqo New Energy is a company based in Pudong (China) founded in 2008.. Daqo New Energy has raised $40 million across 1 funding round from investors including Morgan Stanley. The company has 4,750 employees as of December 31, 2024. Daqo New Energy offers products and services including High-Purity Polysilicon. Daqo New Energy operates in a competitive market with competitors including Pennar, NorSun, NexWafe, SINTEF and Hanwha, among others.
- Headquarter Pudong, China
- Employees 4750 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Daqo New Energy Corp Sponsored Adr
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Annual Revenue
$1.03 B-55.38as on Dec 31, 2024
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Net Profit
$-345.39 M-180.41as on Dec 31, 2024
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EBITDA
$-172.38 M-120.37as on Dec 31, 2024
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Total Equity Funding
$40 M (USD)
in 1 rounds
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Latest Funding Round
$40 M (USD), Series D
May 01, 2018
- Investors
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Employee Count
4750
as on Dec 31, 2024
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IPO & Listings of Daqo New Energy
Daqo New Energy is a publicly listed company on the NYSE with ticker symbol DQ in USA, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Daqo New Energy
Daqo New Energy offers a comprehensive portfolio of products and services, including High-Purity Polysilicon. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Material produced for solar PV applications and sold to manufacturers
Funding Insights of Daqo New Energy
Daqo New Energy has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series D round of $40 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $40.0M
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First Round
First Round
(01 May 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series D - Daqo New Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Daqo New Energy
Daqo New Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Morgan Stanley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Wealth management, investment advisory, and financial services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Daqo New Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Daqo New Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Daqo New Energy Comparisons
Competitors of Daqo New Energy
Daqo New Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pennar, NorSun, NexWafe, SINTEF and Hanwha, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Precision-engineered products and building solutions are manufactured.
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| domain | founded_year | HQ Location |
Mono-crystalline silicon wafers are supplied for the solar energy sector.
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| domain | founded_year | HQ Location |
Solar PV wafers are manufactured and supplied to cell producers.
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| domain | founded_year | HQ Location |
Applied research organization providing technology and innovation services across diverse sectors
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Manufacturer of solar cells, modules, and other related components
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Daqo New Energy
Frequently Asked Questions about Daqo New Energy
When was Daqo New Energy founded?
Daqo New Energy was founded in 2008 and raised its 1st funding round 10 years after it was founded.
Where is Daqo New Energy located?
Daqo New Energy is headquartered in Pudong, China. It is registered at Pudong, Shanghai, China.
Who is the current CEO of Daqo New Energy?
Xiang Xu is the current CEO of Daqo New Energy.
Is Daqo New Energy a funded company?
Daqo New Energy is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series D of $40M, raised on May 01, 2018.
How many employees does Daqo New Energy have?
As of Dec 31, 2024, the latest employee count at Daqo New Energy is 4,750.
What is the annual revenue of Daqo New Energy?
Annual revenue of Daqo New Energy is $1.03B as on Dec 31, 2024.
What does Daqo New Energy do?
Daqo New Energy was established in 2008 in Pudong, China, within the renewable energy sector. Operations center on the production of polysilicon and silicon wafers, key materials for photovoltaic applications. The company maintains facilities focused on these manufacturing processes. In 2022, annual revenues reached 3.98 billion, with net profit recorded at 2.58 billion. Leadership is provided by CEO Xiang Xu, overseeing global supply chain activities.
Who are the top competitors of Daqo New Energy?
What products or services does Daqo New Energy offer?
Daqo New Energy offers High-Purity Polysilicon.
Is Daqo New Energy publicly traded?
Yes, Daqo New Energy is publicly traded on NYSE under the ticker symbol DQ.
Who are Daqo New Energy's investors?
Daqo New Energy has 1 investor. Key investors include Morgan Stanley.
What is Daqo New Energy's ticker symbol?
The ticker symbol of Daqo New Energy is DQ on NYSE.