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Daqian Energy: Q4 production is expected to reach a maximum of 0.034 million tons, taking measures to reduce energy consumption and lower costs to improve efficiency | Directly hitting the earnings conference.
① On the operational planning aspect, its vice director Xu Xiang stated, "The company will continue to optimize parameters and processes for key energy-consuming segments and critical devices, and adjust the procurement indicators and standards for raw and auxiliary materials to achieve the continuous increase in the proportion of N-type silicon materials, enhance the single furnace output, and reduce energy consumption." ② In the third quarter, Daqiang Energy's production of N-type polysilicon was 0.033 million tons, accounting for 75.1% of the total production during the period.
Daquan Energy: Daquan Energy Third Quarter Report 2024
Daquan Energy Report for the Third Quarter of 2024
The imbalance between supply and demand of silicon materials led to a decrease in prices. Dalquan Energy incurred a net loss of 1.099 billion yuan in the first three quarters.
1. The company plans to provide for inventory impairment losses totaling approximately 0.582 billion yuan in the third quarter of 2024; 2. It is expected that polysilicon production in the fourth quarter will be between 0.031 million tons and 0.034 million tons, with an annual expected production of 0.2 million tons to 0.21 million tons in 2024; 3. The analyst believes that the subsequent energy consumption limit is expected to be further tightened, and the bottom position of silicon material prices may have stabilized.
Express News | Daqo New Energy Says Q3 Net Loss at 429.0 Mln Yuan
Minsheng Securities' photovoltaic industry review: component prices rise, improvements in silicon material supply side, turning point in photovoltaics approaching.
The era of low stock price products disrupting the market order of the solar industry may come to an end, the industry chain pattern is expected to be reshaped, and component prices are expected to enter an upward trend, bullish for top component companies.
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