Daqo New Energy Corp. (DQ)

Daqo New Energy is run by the family behind Daqo Group, which the filing describes as a leading maker of electrical systems in China. Xiang Xu has been chairman and chief executive since August 2023. He is also president of Daqo Group and a director of 25 of its subsidiaries, and from January 2000 to May 2006 he was general manager of one of them, Jiangsu Changjiang Electric. He succeeded his father, Guangfu Xu, as chairman. The father chaired the company from its incorporation in November 2007 until August 2023, has chaired Daqo Group since January 1984, and joined its forerunner, Xinba General Company, in 1966, building it up from a small township and village enterprise. He remains a director. 12345

A third generation is in management. Xiaoyu Xu, the chief executive's daughter, joined in May 2023 as head of investor relations and board secretary, became a director that November and deputy chief executive in October 2024; before that she worked in the corporate and investment bank of J.P. Morgan. The chief financial officer since July 2015 is Ming Yang, a former McKinsey & Company consultant who specialized in clean technology and solar from May 2012, and before that vice president of business development and corporate communications at JA Solar, a Chinese solar manufacturer, from 2009 to 2012. 56789

The board has eleven directors. Besides the three members of the Xu family, two more hold posts at Daqo Group: Dafeng Shi, its vice president for finance since January 2006, and Fei Ge, its executive president for technology innovation and digitalized manufacturing. The other six are independent, among them Fumin Zhuo, a director since November 2009, and Rongling Chen, a director since October 2010 and a vice president of Applied Materials from 2010 to 2012. Guangfu Xu beneficially owns 18.4% of the shares and Xiang Xu 11.4%; directors and officers together hold 36.1%. On the record this site holds, all twelve directors and officers filed their first insider reports with the SEC in March 2026. 101112131415161718

At the end of 2025 Daqo counted 3,842 employees, down from 4,749 a year earlier and 5,765 at the end of 2023. Nearly two in three, 2,451 people, work in manufacturing and quality assurance; 968 in research and development; 357 in general administration; 38 in purchasing; and just 28 in sales and marketing. All of them work at its sites in Chongqing, Shanghai, Xinjiang and Inner Mongolia, in China. 1920