Securities code: 688303 Securities abbreviation: Daqo Energy Announcement No.: 2025-005

Xinjiang Daqo New Energy Co., Ltd

2024 Annual Results Pre-loss Announcement

The Board of Directors and all directors of the Company guarantee that there are no false records or misleading statements in the content of the announcement

or material omissions, and bear legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important:

After preliminary accounting by the financial department, Xinjiang Daqo New Energy Co., Ltd. (hereinafter referred to as the "Company")

It is expected that the net profit attributable to owners of the parent company in 2024 will be the same as that of the same period last year (statutory disclosure).

Disclosure data) will be a loss, and the net loss attributable to the owners of the parent company will be

260,000.00 yuan to 310,000.00 yuan.

The Company expects to achieve net net non-recurring gains and losses attributable to owners of the parent company for the year 2024

The loss ranged from $255,000.00 to $305,000.00.

1. Forecast of performance for the current period

(1) The performance forecast period

January 1, 2024 to December 31, 2024.

(2) Performance forecast

1. According to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be a loss compared with the same period of the previous year (statutory disclosure data), and the net loss attributable to the owners of the parent company will be 260,000.00 yuan to 310,000.00 yuan.

2. The company expects to realize a net loss attributable to the owners of the parent company after deducting non-recurring gains and losses of 255,000.00 yuan to 305,000.00 yuan in 2024.

(3) This performance forecast has not been audited by a certified public accountant.

Second, the performance and financial situation of the same period of the previous year

(1) Total profit: 6869.4395 million yuan. Net profit attributable to owners of the parent company: 576,269.62 million yuan. Net profit attributable to owners of the parent company after deducting non-recurring gains and losses: 577,593.65 million yuan.

(2) Earnings per share: 2.70 yuan.

3. The main reasons for the change in the performance of the current period

(1) Impact of main business

In 2024, the mismatch between supply and demand in the domestic polysilicon market will intensify, product prices will continue to fall, and even fall below the industry's cash cost, and the overall gross profit and profitability of the industry will drop significantly. During the reporting period, the company's financial position remained stable and its cash reserves were abundant, laying a solid foundation for resisting cyclical fluctuations in the industry. However, as a core player in the industry, the company directly suffered from the erosion pressure of falling prices on profitability, and its performance decreased significantly compared with the same period last year.

(2) The impact of asset impairment

Affected by the above-mentioned market factors, the price of polysilicon products, the company's main business, continued to decline. In accordance with the Accounting Standards for Business Enterprises No. 8 - Asset Impairment and the relevant systems of the Company's accounting policies, based on the principle of prudence, the Company made provisions for inventory decline, conducted impairment tests on non-current assets such as fixed assets, and made corresponding asset impairment provisions, which had a great impact on the performance of the reporting period. Among them, the company has been in 2024

Asset impairment losses were accrued for the half-year and third quarters, as detailed in the Company's August 27, 2024, respectively

On October 31, 2024, www.sse.com.cn the "Xinjiang

Announcement of Daqo New Energy Co., Ltd. on the Provision for Asset Impairment in the Half Year of 2024 (Announcement No.: 2024-042) and Announcement of Xinjiang Daqo New Energy Co., Ltd. on the Provision for Asset Impairment in the Third Quarter of 2024 (Announcement No.: 2024-052). The specific provision for impairment for the current year is subject to the data disclosed in the company's audited 2024 annual report.

In 2025, relying on continuous technological innovation, the company will continue to carry out cost reduction, efficiency improvement and quality improvement, and on the basis of maintaining a healthy and stable financial situation, increase the diversification, multi-dimensional and multi-level exploration of supply chain and sales channels, fully stimulate new quality productivity, improve operating performance, and strive to create value for all shareholders.

4. Risk Warning

This performance forecast is a preliminary accounting conducted by the company's financial department based on its own professional judgment, and has not been audited by a certified public accountant. The company does not have any major uncertainties that affect the accuracy of the content of this earnings forecast. 5. Other explanatory matters

The above forecast data is only preliminary accounting data, and the specific and accurate financial data are subject to the audited 2024 annual report officially disclosed by the company.

The announcement is hereby made.

Board of Directors of Xinjiang Daqo New Energy Co., Ltd

January 18, 2025