issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article is an orphan as no other articles link to it . please introduce links to this page from related articles ; try the find link tool for suggestions . may 2013 this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2013 learn how and when to remove this template message learn how and when to remove this template message daqo new energy corp. type public traded as nyse dq industry photovoltaic solar energy founded 2008 headquarters global business headquarters wanzhou chongqing china key people chairman mr. guangfu xu products photovoltaic products revenue 255 832 000 2011 1 website 1 daqo new energy corp. is a polysilicon manufacturer based in china . it recently has expanded to the downstream photovoltaic manufacturing businesses to establish facilities for wafer and module manufacturing . its current wafer and module manufacturing annual capacities are 125mw and 100mw respectively . it manufactures and sells polysilicon to photovoltaic product manufacturers who further process the polysilicon into ingots wafers 2 cells and modules for solar power solutions . 3 contents 1 history 2 operations 2.1 managerial practices 3 controversies 4 references 5 external links history edit daqo new energy corp. was incorporated in cayman islands as mega stand international limited in november 2007 . it changed the corporate name to daqo new energy corp. in august 2009 . in january 2008 it established chongqing daqo new energy co. ltd. or chongqing daqo as the wholly owned operating subsidiary in china . through chongqing daqo it focuses primarily on the manufacture and sale of polysilicon and has recently expanded into the wafer manufacturing . in addition to chongqing daqo it established nanjing daqo new energy co. ltd. or nanjing daqo 4 in december 2007 in china through which it conducts the module manufacturing business . in january 2009 it established the wholly owned subsidiary daqo solar energy north america or daqo north america in california to promote products in north america . in april 2011 it established a wholly owned subsidiary daqo new energy holdings canada ltd. or daqo canada to expand the operations in canada . in february 2011 to expand its polysilicon manufacture capacities daqo new energy corp. established another wholly owned subsidiary in china xinjiang daqo new energy co. ltd. or xinjiang daqo . the company shut its main polysilicon production plant in wanzhou china for annual plant maintenance during the fourth quarter in 2012 . 5 operations edit directors and executive officers 6 name age position title arthur wong 69 chairman of the board of directors xiang xu 41 director fei ge 47 director fumin zhuo 59 independent director gongda yao 53 director and chief executive officer bing sun 41 chief financial officer tracy tianqun zhou 50 chief technology officer jian zhu 38 senior vice president managerial practices edit daqo new energy produced 3 771 mt and 4 524 mt of polysilicon in 2010 and 2011 respectively . it increased the annual production capacity to 7 300 mt by the end of 2012 through adding a phase 2 production line and improving the production efficiency . daqo new energy currently sells polysilicon to china based photovoltaic product manufacturers . the majority of its sales are made under framework contracts . it also sells a significant portion of polysilicon on a spot pricing basis . as of december 31 2011 its major photovoltaic product customers included operating entities of hanwha solarone solargiga tianwei new energy and yingli green energy . daqo new energy phase 1a wafer manufacturing facilities in chongqing commenced commercial production with 125mw capacity in july 2011 . it uses own polysilicon to produce wafers and sells module products to photovoltaic system integrators and distributors in china . it had an annual module production capacity of 100mw at facilities in nanjing at the end of 2011 . daqo new energy corp. commenced commercial production of modules in may 2010 and shipment to europe in july 2010 . daqo new energy seems to have achieved growth since it commenced commercial production of polysilicon in july 2008 . 7 it produced 1 523 mt 3 771 mt and 4 524 mt of polysilicon and sold 1 498 mt 3 650 mt and 3 947 mt of polysilicon in 2009 2010 and 2011 respectively . it generated revenues of 111.2 million 242.7 million and 255.8 million and achieved net income attributable to daqo new energy corp. shareholders of 30.8 million 68.6 million and 33.3 million in 2009 2010 and 2011 respectively . daqo new energy expanded wanzhou annual polysilicon manufacturing capacity from 4 300 mt to 9 000 mt in 26 august 2011 . 8 9 the top competitors of daqo new energy are gcl poly energy holdings ltd. green energy technology inc. comma ltd. hemlock semiconductor group . 10 controversies edit pump & dump stock market manipulation sept oct 2013 references edit notes daqo new energy corp. annual report for 2011 . daqo new energy corp nyse dq . daqo new energy corp. annual report for 2011 . all system and product certificates of nanjing daqo new energy co. ltd. . daqo new energy running out of money ; polysilicon sales plummet . 2013 04 02 . daqo new energy corp. annul report for 2011 . daqo new energy corp. annul report for 2011 . daqo new energy announced adoption of hydrochlorination technology and plan to expand wanzhou annual polysilicon manufacturing capacity from 4 300 mt to 9 000 mt . reuters . 2011 08 26 . daqo new energy increases polysilicon capacity . globaldata top competitors 03 07 2013 daqo new energy corp. . 2013 03 07 . external links edit 2 retrieved from https en.wikipedia.org w index.php title daqo new energy & oldid 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