Shenzhen Boss Sells Drilling Machines, Soars by $90 Billion in 5 Months

In a remarkable surge, Daqo CNC, controlled by Gao Yunfeng, broke through the high price of $300 per share on May 27, reaching its all-time high and closing with a market value skyrocketing to $148 billion, marking a $90 billion increase from the beginning of the year. Based in Shenzhen, Daqo CNC, a major player in PCB specialized equipment, demonstrated strong performance with revenues doubling to $1.955 billion in the first three months, and a net profit of $323 million. Gao Yunfeng, 59, the controlling shareholder, holds around 18% of Daqo CNC’s shares, valued at around $26 billion. Notably, he…