Wanzhou-based Daqo had not recorded a net profit since the third quarter of 2011. It posted an $18.7m loss in the first three months of 2013.
The NYSE-listed polysilicon and wafer producer also announced plans this week to launch a public offering of 2,000,000 American Depositary Shares (ADSs). It will use the funds to expand and upgrade its polysilicon plant in western China’s Xinjiang region.
Revenue
