HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose more than 25% and signed a strategic cooperation agreement with Shangyi Optoelectronics. Institutions pointed out that space photovoltaics are still the strongest main theme.

Hainan Drinda New Energy Technology (02865) soared more than 25%, as of the time of writing, up 24.47% to HK$21.16, with a turnover of HK$1.16 billion. On the news front, on December 23, Hainan Drinda New Energy Technology disclosed an investor relations activity record form, mentioning that the company recently signed a strategic cooperation agreement with Shangyi Optoelectronics as a strategic shareholder to invest in Shangyi Optoelectronics. The two parties will deeply integrate industry and scene resources, cooperate around the application of perovskite solar cell technology in space energy, establish a synergistic mechanism in technology research and development, on-orbit verification, industrialization, and application scenario expansion. Sinolink research report pointed out that it again focuses on space photovoltaics as the strongest theme in the current and the coming year. Subsequent catalysts, such as rocket test launches, enterprise listings, landing internal/external extension actions in the industry chain, product verification/supply progress, will continue to be intensively released, and the price space of core photovoltaic-related targets remains huge. It is worth mentioning that there has been intensive catalysis in commercial space recently. According to the latest reports, on December 26, the Shanghai Stock Exchange issued the "Guidelines for the Application of the Shanghai Stock Exchange's Fifth Set of Listing Standards on the Science and Technology Innovation Board by Commercial Rocket Companies", which will be implemented from the date of publication. The "Guidelines" consist of fourteen articles, providing detailed provisions for commercial rocket companies applying the fifth set of listing standards on the Science and Technology Innovation Board. Open Source Securities believes that with the further refinement of the requirements of the fifth set of listing standards for commercial rocket companies and the comprehensive acceleration of the capitalization of commercial space, China's commercial aerospace industry has entered a golden development period of "capital empowerment + technological breakthrough + scale expansion".