HK Stock Market Move | Hainan Drinda New Energy Technology (02865) falls by over 15% again. The company stated that the fields recently invested in are still in the stage of technological exploration.

Hainan Drinda New Energy Technology (02865) fell more than 15% again, dropping more than 30% from yesterday's high point. As of the time of writing, it fell 13.45% to HK$31.54 with a turnover of HK$523 million. On the news front, Hainan Drinda New Energy Technology announced on January 14th that it plans to invest RMB 30 million in cash to acquire a stake in Zhejiang Sunoren Solar Technology Co., Ltd., subscribing to RMB 4.61539 million of Sunoren's newly added registered capital and obtaining a 16.6667% equity interest, initiating a strategic extension from ground photovoltaics to space photovoltaics. It is worth noting that Hainan Drinda New Energy Technology recently announced that the areas the company has recently entered into are still in the stage of technical exploration, with significant uncertainties in the future market space and industrialization pace, possibly facing risks such as technological route iteration and intensified market competition. Currently, the relevant business is still in the research and development stage, with no orders in hand, and there is uncertainty in the future market development. The related investment will not have a significant impact on the company's current operating performance, and there is still uncertainty regarding the impact on future long-term performance.