Daqo New Energy (DQ) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

October 27, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and welcome to the Daqo New Energy Third Quarter 2022 Results Conference Call. All participants will be in listen-only-mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Kevin He, Investor Relations. Please go ahead.

Kevin He

Hello, everyone. This is Kevin, the Investor Relations of Daqo New Energy. Thank you for joining our conference call today. Daqo New Energy just issued its financial results for the third quarter of 2022, which can be found on our website at www.dqsolar.com. To facilitate today's conference call, we have also prepared a PPT presentation for your reference.

Today, attending the conference call, we have Mr. Ming Yang, our Chief Financial Officer; and myself. Our CEO, Mr. Longgen Zhang, is on his way from the U.S. to China and is not able to attend today's meeting in person. So today, I will read his comments on market and operations, and then Mr. Yang will discuss the company's financial performance for the quarter and - and after that, we will open the floor to Q&A from the audience.

Before we begin the formal remarks, I would like to remind you that certain statements on today's call, including expected future operational and financial performance and industry growth are forward-looking statements that are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve inherent risks and uncertainties. A number of facts - a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. Further information regarding these and other risks is included in the reports or documents we have filed with or furnished to the Securities and Exchange Commission. These statements only reflect our current and the preliminary view as of today and may be subject to change. Our ability to achieve these projections is subject to risks and uncertainties.

All information provided in today's conference call is as of today, and we undertake no duty to update such information, except as required under applicable law. Also during the call, we will occasionally reference monetary amounts in U.S. dollar terms. Please keep in mind that our functional currency is the Chinese RMB. We offer these translations into U.S. dollars solely for the convenience of the audience.