Shao Jun, Chairman of Digital New Energy, Visited Daqo Group

On September 25, Shao Jun, Chairman of Digital New Energy, visited Daquan Group and was warmly received by Xu Xiang , President of Daquan Group and Vice Chairman of Daquan Energy. The two sides had in-depth exchanges on the development trend of photovoltaic polysilicon industry. During the

exchange, Xu Xiang, President of Daqo Group and Vice Chairman of Daqo Energy, introduced the development of the Group's main industries to the Digital New Energy Team, and focused on sharing the business development in the field of new energy.

In recent years, photovoltaic polysilicon production capacity has expanded rapidly, and as of September 2025, domestic polysilicon production capacity (nominal capacity) has exceeded 3.5 million tons per year . In 2025, the global market demand is expected to be only about 1.5 million tons , and the serious mismatch between supply and demand has brought serious consequences such as vicious competition of product homogeneity, extreme price involution, industry-wide losses, and serious waste of resources.

At present, the polysilicon industry has been in a critical stage of profound adjustment and structural remodeling through the active self-discipline of enterprises to control production, reduce production , and promote multi-dimensional "anti-involution" measures such as "joint storage".

Xu Xiang said in the exchange that the current industry exploration of "polysilicon joint storage" and other measures to resolve overcapacity is of great significance to the healthy development of the industry in the future, which can effectively promote the production capacity clearance of the polysilicon industry and optimize the allocation of resources in the industry. At the same time, it also sets a "anti-involution" benchmark for other "involution" industries. Xu Xiang, president

of Daquan Group and vice chairman of Daquan Energy, believes that this is also an effective way to solve the long-term serious involution of polysilicon industry and avoid the continuous serious waste of resources.

In terms of technological innovation, Xu Xiang said that the current technological differences in the polysilicon industry have gradually narrowed, and there is no "alternative" technology, which has formed a relatively stable state of development at the technical level.

Based on this, Xu Xiang said that in the next 3-5 years, enterprises in the polysilicon industry can focus on energy saving and consumption reduction . As a leading enterprise in the polysilicon industry

, Daquan Energy has built high-purity polysilicon production bases in Shihezi, Xinjiang and Baotou , Inner Mongolia.

According to the statistics of Digital New Energy DataBM. Com, by the end of 2024, the production capacity of Daquan Energy Polysilicon reached 305000 tons . Its production capacity ranks third in China's silicon material production capacity ranking in 2024. During the

exchange, Shao Jun, chairman of Digital New Energy, introduced the company's layout planning and innovation model in the field of digital services in the new energy industry, and also said that he would give full play to the advantages of industry platforms and think tanks to contribute to the healthy and sustainable development of the industry.

The two sides indicated that they would further deepen exchanges and cooperation in the future.