HK Stock Market Move | Hainan Drinda New Energy Technology (02865) fell by more than 3%, and it is expected that the loss will expand to over 1.2 billion yuan in 2025.

Hainan Drinda New Energy Technology (02865) fell more than 3%, down 3.2% at the time of publication, at 24.2 Hong Kong dollars, with a turnover of 154 million Hong Kong dollars. On the news front, on the evening of January 16, Hainan Drinda New Energy Technology announced that it expects a net loss attributable to the shareholders of the listed company of 1.2 billion to 1.5 billion yuan in 2025, compared to a loss of 591 million yuan in the same period of the previous year. The announcement stated that the global photovoltaic installation volume continues to grow rapidly, with strong demand for photovoltaic cells in overseas markets, but the industry is still in a cyclical downturn due to imbalances in supply and demand, as well as multiple factors such as inadequate price transmission in the main industry chain, 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 impairment of assets based on prudence, which will have a certain impact on its current performance.