HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose over 7% at one point. The company is laying out its plan for the application of calcium titanium ore in space energy.

Hainan Drinda New Energy Technology (02865) rose more than 7% at the initial stage of trading, and as of the time of writing, it is up 4.59% at HK$21.44, with a turnover of HK$43.28 million. In terms of news, on December 31st, Hainan Drinda New Energy Technology disclosed an investment relations activity record, indicating that mainstream space energy solutions currently have certain limitations in cost control, lightweight design, and flexible adaptation, making it difficult to adapt to mass deployment and cost-sensitive commercial space needs. However, perovskite photovoltaic technology, with core advantages such as ultra-lightweight, low cost, high radiation resistance, and flexible roll-out, is expected to become a revolutionary solution for breaking through the bottleneck of space energy and supporting the scale development of space economy. The company is actively promoting mass production of products and enhancing product service capabilities in response to downstream customer needs, expanding its presence in the domestic and North American commercial aerospace and space computing markets with Shangyi Optoelectronics. Sinolink previously pointed out that space orbit is a must-competitve field, and space applications are expected to reshape the size of the ground market. The "first-come, first-served" rule of the International Telecommunication Union further amplifies the urgency of competition among major countries in the commercial satellite field. The global low-orbit satellite network construction and space computing industry are entering a period of explosive growth. Photovoltaics, as the only energy solution in the current commercial space scene, are evolving from a single core demand of "reliability and efficiency" to a comprehensive system capability of "efficiency, lightweight, low cost, and flexibility." According to the bank's estimate, the global space photovoltaic market is expected to reach trillion-dollar scale by 2030.