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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Xinjiang Daqo New Energy
Xinjiang Daqo New Energy (688303) investor relations material
Xinjiang Daqo New Energy Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
Q3 revenue was RMB1.326 billion and net loss attributable to shareholders was RMB410.9 million; the loss narrowed QoQ as sales volume rose and inventory write-downs fell.
For 9M 2026, revenue fell 39.89% YoY to RMB1.949 billion and net loss reached RMB2.006 billion.
Financial highlights
9M operating loss was RMB2.008 billion, versus RMB1.174 billion a year earlier; total loss was RMB2.003 billion, versus RMB1.199 billion.
9M basic and diluted EPS were both -RMB0.94, compared with -RMB0.50 in 9M 2025.
Q3 attributable net loss was RMB410.9 million; quarterly basic and diluted EPS were -RMB0.19, down 733.33% YoY.
Outlook and guidance
Expected Q4 2026 polysilicon production: 35,000–45,000 tons; FY 2026 production guidance: 175,000–185,000 tons.
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Latest events from Xinjiang Daqo New Energy
- Revenue halved and a net loss was posted as polysilicon prices collapsed and impairments surged.688303
H2 2024 - Revenue fell 57.6% and net loss widened to RMB 1.6 billion amid industry downturn.688303H1 2026
- Revenue and sales volume collapsed, driving a deepening net loss and major inventory write-down.688303Q1 2026
- Net loss narrowed 58.5% on 34.7% lower revenue, with strong cash and cost controls.688303H2 2025
- Q3 profit rebounded on higher polysilicon prices, but nine-month loss persisted amid lower sales.688303Q3 2025
- H1 2025 saw a 67.93% revenue drop and significant net loss amid polysilicon market downturn.688303H1 2025
- Q3 revenue plunged 60% and net loss deepened as polysilicon prices stayed depressed.688303Q3 2024
- Polysilicon price collapse led to a RMB 670 million net loss despite record output.688303H1 2024
- Q1 2025 saw a 69.6% revenue drop and RMB 558 million net loss amid polysilicon price collapse.688303Q1 2025
Next Xinjiang Daqo New Energy earnings date
H2 202628 Apr, 2027
Xinjiang Daqo New Energy
Next Xinjiang Daqo New Energy earnings date
H2 202628 Apr, 2027
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