HK Stock Market Move | Hainan Drinda New Energy Technology (02865) falls nearly 5%, expected first half net loss to expand to over 200 million yuan from the same period last year.

Hainan Drinda New Energy Technology (02865) fell by nearly 5%, dropping by 4.98% to HK$21 as of the time of reporting, with a turnover of HK$31.128 million. On the news front, Hainan Drinda New Energy Technology issued a profit warning, expecting a net loss attributable to the shareholders of the company of 200-300 million yuan from January 1, 2025 to June 30, 2025, compared to a net loss of 166 million yuan in the same period last year. The announcement stated that due to the continuous expansion of production capacity in various links of the industry chain in the past few years, the industry is facing a situation where the capacity supply exceeds demand in a certain period. Competition in various links of the industry chain has intensified, product prices continue to decline, and the company's product profitability is under pressure.