Glonghui, April 29 | DQ.US announced the first quarter report of 2024. For the first quarter of 2024, the company's revenue was US$415.3 million, and the fourth quarter of 2023 was US$476.3 million; gross profit was US$72.1 million, gross profit for the fourth quarter of 2023 was US$87.2 million; gross margin was 17.4%, gross margin for the fourth quarter of 2023 was 18.3%; net profit attributable to the parent company was US$15.5 million, compared to US$53.3 million in the fourth quarter of 2023, with ADS earnings per share $0.24.
Polysilicon production in the first quarter of 2024 was 622.78 million tons, compared to 610.14 million tons in the fourth quarter of 2023. Polysilicon sales in the first quarter of 2024 were 5398.7 million tons, compared to 599.06 million tons in the fourth quarter of 2023.
The company expects to produce about 60,000 tons to 63,000 tons of polysilicon in the second quarter of 2024. The company expects to produce around 280,000 tons to 300,000 tons of polysilicon throughout 2024, including the impact of the company's annual facility maintenance.