5 High Growth Chinese Stocks To Buy

1. Daqo New Energy Corp. (NYSE:DQ)       

Revenue Growth YoY : 170.39%

Daqo New Energy Corp. (NYSE:DQ) is a manufacturer of high-quality polysilicon. Operating in two segments, namely Polysilicon and Wafer, the company offers a diverse range of products and services to photovoltaic manufacturers. Daqo New Energy Corp. (NYSE:DQ)’s ready-to-use polysilicon is packaged to meet customers’ specific needs, facilitating the production of ingots, wafers, cells, and modules for solar power solutions. The company also provides wafers through its downstream photovoltaic product manufacturing business and offers wafer original equipment manufacturer (OEM) services to external customers through tolling agreements and processing polysilicon to produce ingots and wafers. Daqo New Energy Corp. (NYSE:DQ)’s annual capacity of approximately 12,150 metric tons (MT) for polysilicon and 90 million pieces for wafers allows the company to meet the demands of its customers globally.

As per Insider Monkey’s database, 20 hedge funds remained bullish on Daqo New Energy Corp. (NYSE:DQ) at the end of Q4 2022. Hillhouse Capital Management had the biggest stake in the company at the end of the fourth quarter.

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