Daqo New Energy Corp. (NYSE:DQ) Q2 2023 Earnings Call Transcript

Unidentified Analyst: My last question is on joint ventures. I think for amongst large polysilicon producers in China, it seems like we are the only one without any joint venture with downstream customers. Are we planning to form any joint venture in the future? And why we didn’t form any of them in the past?

Ming Yang: I mean we won’t roll this possibility out. I think in the past, we want to be kind of a pure play and really the primary merchant supplier of polysilicon. And I think that benefited us very well, especially last year, where I think some of our peers have had a JV partners or minority investors have to where we have shared a lot of their offshore income with the shareholders. So obviously, I think with the recent market trends, actually, a number of customers have approached us and indicated the interest in doing minority or JV investments. So that is something that we are in discussion, but there’s nothing in concrete to report.

Operator: [Operator Instructions]. Our next question comes from [indiscernible] with Nomura.

Unidentified Analyst: My question actually was raised earlier, is about the privatization comment. So no further questions from me.

Ming Yang: Great. Great. Thank you. Thanks for joining our call.

Operator: This concludes our question-and-answer session. I’d like to turn the conference back over to for closing remarks.

Unidentified Company Representative: Yes. Thank you, everyone, again for participating in today’s conference call. Should you have any further questions, please don’t hesitate to contact us. Thank you and have an awesome day. Goodbye.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.