Polysilicon output by volume rose 33.7% year on year to 13,068 metric tons (MT) in 2016.
The company's external sales of polysilicon jumped 32.2% by volume on the year to 10,883 MT, according to the group's unaudited results.
Sales of wafers edged up 8.4% from the preceding year to 82.8 million units for the year to the end of December.
Daqo New Energy recorded a gross margin of 35.1% in 2016, from 20.6% during the previous 12-month period.
In the fourth quarter - which the company described as an "important milestone," in part because it finished building its Phase 3A polysilicon facility in China's Xinjiang region - its net profit plunged 57.3% year on year to $4.1 million.
The expansion of its production capacity paved the way for it to ramp up output from the first quarter of 2017, several months ahead of schedule. By the end of February, it had reached full production capacity of 18,000 MT per year.
Fourth-quarter revenue fell 15.1% ...Den vollständigen Artikel lesen ...