Daqo New Energy has reported a net loss of $ 345.2 million for 2024, of the net income of $ 429.5 million in 2023. Sales fell to $ 1.03 billion of $ 2.31 billion in 2023, mainly as a result of a lower polysilicon average selling prices. It said that the production volume reached 205,068 tons (MT) in 2024, an increase of 3.7% year after year, with N-type material that includes 70% of the output, an increase of 40% of the previous year. The company is planning a low usage percentage in 2025, aimed at a production volume between 110,000 MT and 140,000 MT.
The China Non -Ferrous Metal Industry Association (Cnmia) said that Polysilicon’s prices remained stable this week, although new orders were limited. It said that N-Type was traded again processed material between CNY 39,000 ($ 5,350) and CNY 46,000 per ton with an average of CNY 41,700, while N-type grainy silicon varied from CNY 38,000 to CNY 41,000 per ton with an average of CNY 39,000. P-Type Polysilicon traded between CNY 32,000 and CNY 36,000 per ton, with an average price of CNY 34,000. The association noted that the production of polysilicon was largely reduced, with most producers operating at lower capacities; Apart from one maintenance company, operational rates did not show any significant changes. It added that the 5/31 installation party, encouraged by domestic policy incentives, brought the spot prices from solar module to CNY 0.65/W to CNY 0.70/W, with an expected increase to CNY 0.70/W to CNY 0.72/W in the coming weeks.
Canadian solar energy Inc. (CSI) said his 2024 financial results revealed a decrease in turnover of 10.03% to CNY 46.161 billion and a decrease in net profit from 21.09% to CNY 2.291 billion. The company attributed the decrease in performance to challenging market conditions in the solar industry, where a sharp falling module prices press the profit, and on higher rates driven by geopolitical tensions and trade protection, which caused CSI to write down inventory and older production activa. Rapid growth in its energy storage activities, with shipments that increase 505.28% to 6.5 GWh, have contributed the impact and the company expects the storage shipments to increase in 2025 to between 11 GWh and 13 GWH.
China National Petroleum Corp. (CNPC) has issued a tender for purchasing 9.6 GW of solar modules for 2025. The tender includes modules based on 182 mm or larger sizes and covers several technologies, including tunnel oxide -passivated contact (Topcon), Backcontact (Hjt). The tendering process is subdivided into six parties, set up with the biddeadline on March 19, 2025, at 9:00 am (Beijing Time).
