HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose by over 5% again, with the company's A shares hitting the daily trading limit in the afternoon, planning to establish two major production bases in Chuzhou and Huai'an.

Hainan Drinda New Energy Technology (02865) rose more than 5% again, with its A shares hitting the daily limit in the afternoon. As of the time of writing, the stock rose by 5.43% to HKD 18.82, with a trading volume of HKD 1.17 billion. On the news front, Hainan Drinda New Energy Technology recently stated on an interactive platform that its Chuzhou base has successfully produced the first industrial TOPCon+ perovskite stacked battery. Guotou Securities International Research Report mentioned that Hainan Drinda New Energy Technology has set up two major production bases in Chuzhou and Huai'an, with a TOPCON battery production capacity of 44.4GW/year. The report believes that the photovoltaic industry chain is advancing against internal competition, with the company's overseas income profitability higher than domestic. The company has a rare "A+H" dual platform advantage. In addition, the Hainan Free Trade Port officially started all-island closure today. On December 8, Hainan Drinda New Energy Technology stated on the investor interactive platform that the company is an A+H listed company registered in Hainan, with over 50% of its sales being overseas. The company will actively explore and develop new business models in the future, fully utilizing Hainan's related preferential policies to support enterprise development.