DQ Cash Conversion Ratio

DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares · Cash Conversion Ratio

DQ Cash Conversion Ratio

Current (TTM)1.36×retrievedOct 20, 2026

DQ Cash Conversion Ratio (-1.68× → 1.36×)

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DQ cash conversion ratio history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares Cash Conversion Ratio — Annual fiscal periods

Period ending	Cash Conversion Ratio
Dec 31, 2025	0.7234×
Dec 31, 2024	2.3019×
Dec 31, 2023	0.9992×
Dec 31, 2022	0.6684×
Dec 31, 2021	0.1746×
Dec 31, 2020	0.7075×
Dec 31, 2019	-5.9862×
Dec 31, 2018	-1.2462×
Dec 31, 2017	0.8064×
Dec 31, 2016	0.7172×
Dec 31, 2015	-1.1531×
Dec 31, 2014	-1.8865×
Dec 31, 2013	0.6911×
Dec 31, 2012	1.0361×
Dec 31, 2011	-6.2371×
Dec 31, 2010	0.9911×
Dec 31, 2009	-4.022×
Dec 31, 2008	-1.6834×