Daqo New Energy Corp. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 477.13 million compared to USD 864.25 million a year ago.

Net income was USD 44.95 million compared to USD 332.73 million a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to USD 4.25 a year ago. Diluted earnings per share from continuing operations was USD 0.65.