WANZHOU, China (AP) _ Daqo New Energy Corp. (DQ) on Wednesday reported fourth-quarter net income of $20.1 million.

The Wanzhou, China-based company said it had profit of $1.41 per share. Earnings, adjusted to account for discontinued operations, came to $1.43 per share.

The solar panel parts maker posted revenue of $118.9 million in the period.

For the year, the company reported profit of $29.5 million, or $2.11 per share. Revenue was reported as $350 million.

Daqo shares have risen 10% since the beginning of the year. The stock has increased 65% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DQ at https://www.zacks.com/ap/DQ

Automated Insights, source Associated Press News