Hainan Drinda New Energy Technology (02865) is expected to incur a net loss attributable to shareholders of 1.2 to 1.5 billion yuan in 2025.

Hainan Drinda New Energy Technology (02865) announced that it expects a net loss attributable to shareholders of the listed company of 12-15 billion yuan in 2025, compared to a loss of 5.91 billion yuan in the same period last year. The global photovoltaic installation continues to grow rapidly, with strong demand for photovoltaic batteries in overseas markets. However, the industry still faces a period of imbalance between supply and demand, exacerbated by factors such as the inefficient transmission of main industry chain prices, putting pressure on the company's operations and leading to a temporary loss in performance. At the same time, the company plans to make provisions for asset impairment based on cautionary principles, which will have a certain impact on the current period's performance. During the reporting period, facing the challenges of the industry adjustment cycle, the company has steadfastly promoted its globalization development strategy, with overseas sales accounting for over 50% and becoming a core supplier of photovoltaic batteries in overseas regions. The company is also advancing the localization of overseas production capacity. In May 2025, the company successfully listed on the main board of the Hong Kong Stock Exchange, becoming the first company in the photovoltaic industry to achieve an A + H dual-platform listing, providing strong capital support for the company's long-term sustainable development. In addition, the company is cultivating new business growth points through investment cooperation. In the future, the company will continue to strengthen the core competitiveness of its photovoltaic battery business, deepen its global strategy layout, actively explore new business growth points, and promote the recovery of operational performance and long-term sustainable growth.