Daquan New Energy secures a silicon material order worth 41.5 billion yuan, bringing the total amount to 248.2 billion yuan

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On November 7, 2022, Daquan Energy issued a announcement stating that the company and its wholly-owned subsidiary, Inner Mongolia Daquan New Energy Co., Ltd., had recently signed a polysilicon procurement and supply contract with a certain customer. Under this contract, the customer is expected to purchase a total of 137,000 tons of grade-1 polysilicon from the company and Inner Mongolia Daquan between November 2022 and December 2027. Based on the average price of 303,000 yuan per ton (including taxes) for polysilicon compact material, as recently published by PV InfoLink on November 3, 2022, the estimated procurement cost is around 41.511 billion yuan (including taxes; this calculated price does not constitute a price commitment). In fact, since the start of the fourth quarter, Daquan has signed more than 5 long-term purchase orders for polysilicon, with a total procurement volume of around 830,000 tons and a related value of 248.2 billion yuan.