Xinjiang Daqo New Energy Hits Day Low Amid Price Pressure at CNY 15.39

Xinjiang Daqo New Energy Co., a prominent player in the Minerals & Mining sector, has experienced significant volatility today, with the stock declining by 5.93%. The stock reached an intraday low of CNY 15.39, reflecting ongoing challenges faced by the company. Over the past week, Xinjiang Daqo has seen a decrease of 8.32%, and its performance over the last month has been even more pronounced, with a drop of 25.82%. Year-to-date, the stock has fallen by 42.06%, significantly underperforming the China Shanghai Composite, which has only declined by 1.39% during the same period. The company's financial metrics indicate a concerning trend, with net sales declining at an annual rate of 44.58% and operating profit plummeting by 155.28% over the last five years. Furthermore, Xinjiang Daqo has reported negative results for nine consecutive quarters, with operating cash flow reaching a low of CNY -11,686.92 million. As a large-cap company with a market capitalization of CNY 44,792 million, Xinjiang Daqo's current financial position raises questions about its future stability in the competitive mining industry.