Hainan Drinda Flags Heavy Losses as It Accelerates Global PV Expansion

Hainan Drinda New Energy Technology Co., Ltd. Class H ( (HK:2865) ) just unveiled an announcement.

Hainan Drinda New Energy Technology said its accumulated losses had reached RMB702.1 million by the end of 2025, exceeding one-third of its RMB292.6 million paid-in share capital and triggering a shareholder vote under Chinese company law. The losses stem from continued price pressure and capacity clearing in the global PV industry despite robust overseas demand, leaving the company under short-term profitability strain.

Management stressed that operations remain normal and outlined plans to restore profitability by doubling down on its global strategy and overseas manufacturing footprint. The company aims to deepen access to high value-added markets, enhance long-term partnerships with leading module makers, expand high-efficiency cell capacity in countries such as Turkey, localize production to bypass trade barriers and cut logistics costs, and introduce risk controls to manage currency, policy, and geopolitical exposures.

The most recent analyst rating on (HK:2865) stock is a Buy with a HK$52.00 price target. To see the full list of analyst forecasts on Hainan Drinda New Energy Technology Co., Ltd. Class H stock, see the HK:2865 Stock Forecast page.

More about Hainan Drinda New Energy Technology Co., Ltd. Class H

Hainan Drinda New Energy Technology Co., Ltd. is a PRC-based manufacturer in the photovoltaic sector, focusing on PV cells and related new energy technologies. The company has a growing international footprint, with more than half of its 2025 sales generated overseas and a leading position in key markets such as India and Turkey, where it acts as a core supplier to major module makers.

Average Trading Volume: 18,360,284

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$20.76B

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