Daqo Banks On Beijing's New Campaign For Solar Sector Recovery
1. Daqo's revenue dropped 66%, showing high losses amid price declines. 2. Polysilicon prices fell below production costs, negatively impacting margins. 3. A government campaign aims to reduce competition in China's solar sector. 4. Daqo produced at only 34% capacity, reflecting industry-wide overproduction. 5. Despite challenges, Daqo's cash resources may help manage ongoing losses.