Daqo New Energy's Subsidiary Xinjiang Daqo Provides Preliminary Estimate of Net Loss for FY2024
Portfolio Pulse from
Daqo New Energy's subsidiary, Xinjiang Daqo, estimates a significant net loss for FY2024, contrasting with a profit in FY2023.
January 17, 2025 | 12:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Daqo New Energy's subsidiary, Xinjiang Daqo, has announced an estimated net loss for FY2024, marking a significant downturn from the previous year's profit.
The announcement of a projected net loss by Xinjiang Daqo, a subsidiary of Daqo New Energy, indicates potential financial challenges for the company. This significant shift from a profit in FY2023 to a loss in FY2024 is likely to negatively impact investor sentiment and the stock price of Daqo New Energy in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90