Xinjiang Daqo New Energy Hits Day Low of CNY 18.46 Amid Price Pressure

Xinjiang Daqo New Energy Co., Ltd. experienced a notable decline today, with the stock dropping by 3.94% and reaching an intraday low of CNY 18.46. This performance contrasts sharply with the China Shanghai Composite, which saw a modest gain of 0.43% on the same day. Over the past week, Xinjiang Daqo has underperformed, with a decrease of 3.79%, while the broader market index fell by 1.7%. In the context of longer-term performance, Xinjiang Daqo's stock has faced significant challenges, with a year-to-date decline of 29.98% compared to a 2.68% increase in the China Shanghai Composite. The company's one-year performance shows a return of just 8.47%, markedly lower than the market's 21.74% gain. Financial metrics indicate ongoing difficulties, including a negative operating cash flow of CNY -11,686.92 million and a concerning inventory turnover ratio of 3.96 times. With net sales declining at an annual rate of 44.58% over the past five years, Xinjiang Daqo continues to navigate a challenging landscape within the minerals and mining industry.