Xinjiang Daqo New Energy Hits Day Low at CNY 19.76 Amid Price Pressure

Xinjiang Daqo New Energy Co., Ltd. experienced a notable decline today, with the stock dropping by 5.0% and reaching an intraday low of CNY 19.76. This performance contrasts sharply with the China Shanghai Composite, which saw a modest gain of 0.4% on the same day. Over the past week, Xinjiang Daqo's stock has decreased by 0.79%, while the broader market has risen by 2.88%. The one-month performance reflects a decline of 5.76%, compared to a slight drop of 0.66% in the China Shanghai Composite. Year-to-date, the stock has faced a significant downturn of 25.54%, in stark contrast to the market's positive return of 3.51%. Long-term trends indicate challenges for Xinjiang Daqo, with net sales declining at an annual rate of 44.58% and operating profit decreasing by 155.28% over the past five years. The company has reported negative results for the last nine consecutive quarters, highlighting ongoing financial difficulties. With a market capitalization of CNY 44,792 million, Xinjiang Daqo continues to navigate a challenging landscape within the minerals and mining industry.