Top 2 Stock Picks of Yi Xin’s Ariose Capital

In this article, we will take a look at some of the top stock picks of Ariose Capital. If you want to see some more stocks in this list, go to Top 5 Stock Picks of Yi Xin’s Arisoe Capital.

2. Daqo New Energy Corp. (NYSE:DQ)

Ariose Capital’s Stake Value: $ $32,564,000

Percentage of Ariose Capital’s 13F Portfolio: 34.81%%

Number of Hedge Fund Holders: 16

Daqo New Energy Corp. (NYSE:DQ) is a leading manufacturer of high-purity polysilicon for the global solar PV industry, based in Shanghai, China.

Daqo New Energy Corp. (NYSE:DQ) is the second biggest holding of Ariose Capital, with the investment manager owning 456,216 shares. The polysilicon manufacturer was added to the portfolio in Q2 2022.

Earlier in August, Daqo New Energy Corp. (NYSE:DQ) released the financial results for Q2 2022. Its revenue increased by 182% y-o-y to $1.2 billion, while its net income increased by 170% y-o-y to $628 million, for three months ended June 30, 2022. The company recorded an EPS of $8.18, exceeding analysts’ consensus by $1.72.

According to the hedge fund data compiled by Insider Monkey, as of Q2 2022, 16 hedge funds owned shares of Daqo New Energy Corp. (NYSE:DQ), valued at $331 million. Hillhouse Capital Management was the largest shareholder on record with ownership of 1,885,900 shares valued at $135 million.