Daqo's Q2 Earnings Per Share NT$35.72; Chairman Sees Gradual Demand Increase

Optical lens giant Daqo announced its second-quarter financial results, revealing a net profit of NT$4.67 billion and earnings per share of NT$35.72. The company's gross profit margin stood at 49.41% for the quarter, largely consistent with the previous period but down 4.2 percentage points from the same quarter last year.

Daqo's revenue for the second quarter reached NT$13.66 billion. For the first half of the year, cumulative revenue was NT$29.209 billion, with a gross profit margin of 49.4%. The net profit for the first half was NT$10.793 billion, marking a 44% increase year-on-year, and earnings per share were NT$82.35.

Looking at product mix, camera modules with 10 million pixels constituted the largest share at 50% to 60%. Products with 20 million pixels or more accounted for 10% to 20%, while 8-megapixel products represented less than 10%, and 5-megapixel products made up 20% to 30%.

Chairman Lin En-ping expressed optimism for the coming months, stating that demand in July is expected to be slightly better than in June, with August seeing further improvement over July. However, he cautioned that factory utilization rates are projected to be negative. The company's revenue performance for the third quarter remains uncertain, and the gross profit margin will depend on yield rates.