Daqo New Energy Corp ADR (DQ) - Net Assets
Based on the latest financial reports, Daqo New Energy Corp ADR (DQ) has net assets worth $5.92 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.45 Billion) and total liabilities ($529.22 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore DQ current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.92 Billion |
| % of Total Assets | 91.79% |
| Annual Growth Rate | 29.71% |
| 5-Year Change | 122.1% |
| 10-Year Change | 2077.28% |
| Growth Volatility | 73.1 |
Daqo New Energy Corp ADR - Net Assets Trend (2008–2025)
This chart illustrates how Daqo New Energy Corp ADR's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see how much is Daqo New Energy Corp ADR worth.
Annual Net Assets for Daqo New Energy Corp ADR (2008–2025)
The table below shows the annual net assets of Daqo New Energy Corp ADR from 2008 to 2025. Explore cash efficiency ratio of Daqo New Energy Corp ADR to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.92 Billion | +1.00% |
| 2024-12-31 | $5.86 Billion | -9.16% |
| 2023-12-31 | $6.45 Billion | -2.37% |
| 2022-12-31 | $6.60 Billion | +147.94% |
| 2021-12-31 | $2.66 Billion | +233.43% |
| 2020-12-31 | $798.91 Million | +40.86% |
| 2019-12-31 | $567.16 Million | +8.00% |
| 2018-12-31 | $525.13 Million | +33.10% |
| 2017-12-31 | $394.53 Million | +45.19% |
| 2016-12-31 | $271.73 Million | +12.44% |
| 2015-12-31 | $241.66 Million | +16.87% |
| 2014-12-31 | $206.77 Million | +50.57% |
| 2013-12-31 | $137.33 Million | -59.71% |
| 2012-12-31 | $340.88 Million | -24.59% |
| 2011-12-31 | $452.03 Million | +14.03% |
| 2010-12-31 | $396.42 Million | +119.63% |
| 2009-12-31 | $180.49 Million | +154.02% |
| 2008-12-31 | $71.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Daqo New Energy Corp ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4754200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.41 Billion | 100.00% |
| Total Equity | $4.41 Billion | 100.00% |
Daqo New Energy Corp ADR Competitors by Market Cap
The table below lists competitors of Daqo New Energy Corp ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BCO LATINOAMER.D.COM.EX.E
F:D8Q
|
$1.41 Billion |
|
Red Star Macalline Group Corp Ltd Class A
SHG:601828
|
$1.41 Billion |
|
Guangzhou Ruoyuchen Information Tec
SHE:003010
|
$1.41 Billion |
|
Shanghai Chlor-Alkali Chemical Co Ltd A
SHG:600618
|
$1.41 Billion |
|
Vestjysk Bank A/S
CO:VJBA
|
$1.41 Billion |
|
Immunocore Holdings Ltd
NASDAQ:IMCR
|
$1.41 Billion |
|
Aptus Value Housing Finance India Limited
NSE:APTUS
|
$1.41 Billion |
|
Mirae Asset Life Insurance Co Ltd
KO:085620
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daqo New Energy Corp ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,361,193,000 to 4,406,727,000, a change of 45,534,000 (1.0%).
- Net loss of 170,514,000 reduced equity.
- Other comprehensive income increased equity by 413,210,000.
- Other factors decreased equity by 197,162,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-170.51 Million | -3.87% |
| Other Comprehensive Income | $413.21 Million | +9.38% |
| Other Changes | $-197.16 Million | -4.47% |
| Total Change | $- | 1.04% |
Book Value vs Market Value Analysis
This analysis compares Daqo New Energy Corp ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.35x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $-0.01 | $23.06 | x |
| 2008-12-31 | $4.25 | $23.06 | x |
| 2009-12-31 | $12.60 | $23.06 | x |
| 2010-12-31 | $46.81 | $23.06 | x |
| 2011-12-31 | $44.27 | $23.06 | x |
| 2012-12-31 | $5.75 | $23.06 | x |
| 2013-12-31 | $3.97 | $23.06 | x |
| 2014-12-31 | $4.89 | $23.06 | x |
| 2015-12-31 | $4.62 | $23.06 | x |
| 2016-12-31 | $5.10 | $23.06 | x |
| 2017-12-31 | $7.18 | $23.06 | x |
| 2018-12-31 | $8.07 | $23.06 | x |
| 2019-12-31 | $8.10 | $23.06 | x |
| 2020-12-31 | $10.23 | $23.06 | x |
| 2021-12-31 | $28.17 | $23.06 | x |
| 2022-12-31 | $62.20 | $23.06 | x |
| 2023-12-31 | $63.52 | $23.06 | x |
| 2024-12-31 | $65.92 | $23.06 | x |
| 2025-12-31 | $65.24 | $23.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daqo New Energy Corp ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.63%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.46x
- Recent ROE (-3.87%) is below the historical average (12.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-42.79K |
| 2008 | 97.66% | 38.19% | 0.16x | 15.88x | $19.32 Million |
| 2009 | 58.74% | 27.73% | 0.21x | 9.98x | $25.59 Million |
| 2010 | 26.03% | 28.26% | 0.38x | 2.45x | $42.22 Million |
| 2011 | 10.71% | 13.03% | 0.29x | 2.82x | $2.21 Million |
| 2012 | -55.38% | -128.87% | 0.11x | 4.04x | $-132.14 Million |
| 2013 | -51.66% | -65.09% | 0.18x | 4.44x | $-84.68 Million |
| 2014 | 8.05% | 9.12% | 0.26x | 3.43x | $-4.03 Million |
| 2015 | 5.36% | 7.12% | 0.28x | 2.73x | $-11.21 Million |
| 2016 | 16.10% | 18.98% | 0.35x | 2.43x | $16.48 Million |
| 2017 | 23.70% | 26.31% | 0.47x | 1.91x | $53.67 Million |
| 2018 | 7.26% | 12.64% | 0.35x | 1.63x | $-14.39 Million |
| 2019 | 5.21% | 8.44% | 0.29x | 2.12x | $-27.14 Million |
| 2020 | 16.84% | 19.12% | 0.55x | 1.62x | $52.48 Million |
| 2021 | 34.98% | 45.05% | 0.50x | 1.55x | $540.02 Million |
| 2022 | 37.85% | 39.49% | 0.61x | 1.58x | $1.34 Billion |
| 2023 | 9.02% | 18.61% | 0.31x | 1.56x | $-46.65 Million |
| 2024 | -7.92% | -33.55% | 0.16x | 1.47x | $-781.33 Million |
| 2025 | -3.87% | -25.63% | 0.10x | 1.46x | $-611.19 Million |
Industry Comparison
This section compares Daqo New Energy Corp ADR's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $1,095,918,141
- Average return on equity (ROE) among peers: -17.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daqo New Energy Corp ADR (DQ) | $5.92 Billion | 0.00% | 0.09x | $1.41 Billion |
| Axcelis Technologies Inc (ACLS) | $353.61 Million | 35.90% | 0.38x | $2.81 Billion |
| Acm Research Inc (ACMR) | $926.16 Million | 8.35% | 0.61x | $3.09 Billion |
| Aehr Test Systems (AEHR) | $7.03 Million | 6.00% | 0.74x | $2.17 Billion |
| Applied Materials Inc (AMAT) | $8.07 Billion | -1.85% | 0.28x | $313.07 Billion |
| Ambarella Inc (AMBA) | $156.36 Million | 16.41% | 0.17x | $2.88 Billion |
| Amkor Technology Inc (AMKR) | $243.16 Million | -187.81% | 8.80x | $14.36 Billion |
| ASML Holding NV ADR (ASML) | $1.09 Billion | 31.74% | 1.20x | $546.45 Billion |
| Amtech Systems Inc (ASYS) | $6.40 Million | -9.38% | 0.45x | $201.11 Million |
| Atomera Inc (ATOM) | $16.86 Million | -77.52% | 0.06x | $197.35 Million |
| AXT Inc (AXTI) | $93.25 Million | 5.67% | 0.21x | $2.62 Billion |
About Daqo New Energy Corp ADR
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. The company was foun… Read more