Xinjiang Daqo New Power (SHA:688303), the separately-listed main operational subsidiary of Chinese language solar-grade polysilicon producer Daqo New Power Corp (NYSE:DQ), expects to report a year-on-year surge of as much as 344% in its first-half internet revenue.

In accordance with preliminary figures launched on Friday, the corporate will put up an attributable internet revenue underneath PRC GAAP of between CNY 9.4 billion (USD 1.4bn/EUR 1.38bn) and CNY 9.6 billion for the primary half of the 12 months in comparison with CNY 2.16 billion a 12 months earlier.

For the primary quarter of 2022, Xinjiang Daqo has already reported an attributable internet revenue of CNY 4.31 billion.

Daqo New Power says that Xinjiang Daqo accounts for a lot of the group’s income and internet revenue. The New York-listed firm at the moment has a complete polysilicon nameplate capability of 105,000 tonnes per 12 months.