Daqo New Energy Corporation, a Chinese solar photovoltaic-grade polysilicon manufacturer, reported a revenue of $1.2 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 399% compared to $256.1 million last year, and a quarter-over-quarter (QoQ) surge of 224% compared to $395.5 million in the fourth quarter (Q4) 2021.