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Wednesday, November 18, 2015 11:17:50 AM
Third Quarter 2015 Financial and Operating Highlights
Polysilicon production volume of 2,689 MT in Q3 2015, an increase of 55.1% from 1,734 MT in Q2 2015
Polysilicon external sales volume(1) of 2,277 MT in Q3 2015, an increase of 67.1% from to 1,363 MT in Q2 2015
Polysilicon average total production cost(2) of $11.15/kg in Q3 2015, a decrease of 14.1% from $12.98/kg in Q2 2015;
Polysilicon average cash cost(2) of $8.71/kg in Q3 2015, a decrease of 17.8% from $10.60/kg in Q2 2015
Average selling price (ASP) of polysilicon was $14.98/kg in Q3 2015, a decrease of 6.1% from $15.95/kg in Q2 2015
Solar Wafer sales volume of 19.1 million pieces in Q3 2015, an increase of 4.4% from 18.3 million pieces in Q2 2015
Revenue of $46.6 million in Q3 2015, an increase of 35.9% from revenue of $34.3 million in Q2 2015
Non-GAAP gross margin(3) of 23.4% in Q3 2015, compared to 19.6% in Q2 2015
EBITDA(non-GAAP)(3) of $15.0 million in Q3 2015, an increase of 78.6% from $8.4 million in Q2 2015
EBITDA margin (non-GAAP)(3) of 32.1% in Q3 2015, compared to 24.6% in Q2 2015
Net income attributable to Daqo New Energy shareholders of $3.1 million in Q3 2015, compared to net loss attributable to Daqo New Energy shareholders of $0.9 million in Q2 2015 and net income attributable to Daqo New Energy shareholders of $5.9 million in Q3 2014.
Earnings per basic ADS of $0.29 in Q3 2015, compared to loss per basic ADS of $0.09 in Q2 2015, and earnings per basic ADS of $0.66 in Q3 2014.
Adjusted net income (non-GAAP)(3) attributable to Daqo New Energy shareholders of $6.3 million in Q3 2015, compared to $2.7 million in Q2 2015 and $9.7 million in Q3 2014.
Adjusted earnings per basic ADS (non-GAAP)(3) of $0.60, compared to $0.26 in Q2 2015, and $1.09 Q3 2014.
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