Daqo New Energy up as Chinese subsidiary sees higher net profit

Daqo New Energy

19/01/2023 20:20

** Shares of polysilicon manufacturer Daqo New Energy Corp
 DQ.N  up 1.8% at $44.57
    ** Subsidiary Xinjiang Daqo sees 2022 net profit up 231.9%
to 235.4% from 2021, in filings with the Shanghai Stock Exchange
 urn:newsml:reuters.com:*:nPn90YW79a
    ** Unit expects 2022 net profit between 19 bln Chinese Yuan
($2.80 bln) and 19.2 bln Chinese Yuan 
    ** DQ owns 72.7% of Xinjiang Daqo's equity interest
($1 = 6.7738 Chinese yuan)
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))