China Economic Net, Beijing, February 28 - Daqo Energy (688303.SH) disclosed the announcement of the 2024 annual performance express report yesterday evening, and the company achieved operating income of 7410.5184 million yuan during the reporting period, a year-on-year decrease of 54.62%; net profit attributable to shareholders of listed companies -2718.1324 million yuan, a year-on-year decrease of 147.17%; The net profit attributable to shareholders of listed companies was -2637.936 million yuan, a year-on-year decrease of 145.67%. 

Daqo Energy's basic earnings per share in 2024 will be -1.27 yuan, compared to 2.70 yuan in the same period last year, and the weighted average return on equity will be -6.48%, compared to 13.30% in the same period last year. 

Daqo Energy was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 22, 2021, with a public offering of 300,000,000 shares and an issue price of RMB 21.49 per share. 

Daqo Energy's initial public offering of shares raised a total of 644,700.00 million yuan, and the net amount of funds raised was 6,067,191,800 yuan, which was 1,067,191,800 yuan more than the original plan. According to the prospectus disclosed by Daqo Energy on July 19, 2021, the company intends to raise funds of 500,000.00 yuan, which is planned to be used for a project with an annual output of 1,000 tons of high-purity semiconductor materials, a project with an annual output of 35,000 tons of polysilicon, and replenishment of working capital. 

The total issuance expenses of Daqo Energy's initial public offering of shares were 379.8082 million yuan, of which the sponsorship and underwriting expenses were 344.32 million yuan. 

Daqo Energy issued A-shares to specific targets in 2022. According to the "Reply on Agreeing to the Registration of Xinjiang Daqo New Energy Co., Ltd. to Issue Shares to Specific Targets" (Zheng Jian Xu Xu [2022] No. 1119) issued by the China Securities Regulatory Commission, it is agreed that the company will issue A shares to specific targets. Daqo Energy has actually issued 212,396,215 RMB ordinary shares (A shares) (par value of RMB 1.00 per share) to specific targets at an issue price of RMB 51.79 per share. The total amount of funds raised by the Company in this offering is RMB10,999,999,974.85, deducting the issuance expenses of RMB63,227,799.87 excluding tax, and the net amount of funds raised is RMB10,936,772,174.98 (excluding the input VAT related to the issuance expenses). The above funds were fully received on June 28, 2022, and were verified by Deloitte Touche Tohmatsu Certified Public Accountants (Special General Partnership) and issued a capital verification report of Deshi Bao (Inspection) Zi (22) No. 00299. As of December 31, 2023, Daqo Energy has used a total of RMB 10,953,146,619.15 of the raised funds. In 2022, all the funds actually raised from the issuance of A-shares to specific targets have been put into use. Currently, the stock price is trading below the offer price. 

Daqo Energy raised a total of 17.447 billion yuan in two times.