Founded in 2008, Daqo New Energy Corp. (NYSE: DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. As one of the world's lowest cost producers of high-purity polysilicon and solar wafers, the Company primarily sells its products to solar cell and solar module manufacturers.
We have built a polysilicon manufacturing facility that is technically advanced and highly efficient in Xinjiang, China. We utilize the chemical vapor deposition process, or the “modified Siemens process,” to produce polysilicon, and have fully implemented the closed loop system to produce high-quality polysilicon cost-effectively. Currently our annual capacity for polysilicon is 18,000 MT in Xinjiang. We have successfully upgraded our off-gas treatment process from traditional Hydrogenation technology to Hydrochlorination technology. This subsidiary, Xinjiang Daqo New Energy Stock Co., Ltd. (“Xinjiang Daqo”, ticker: 837316) is listed on the National Equities Exchange and Quotations, an emerging over-the-counter market in China (the “New Third Board”)
We also operate a solar wafer manufacturing facility in Chongqing, China. As of the end of 2016, our wafer manufacturing annual capacity is approximately 100 million pieces. Most of our wafer product is high efficiency wafer which represents approximately 4.3 watts per piece.