HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rises over 10%; Musk sets clear timetable for space computing deployment; company's commercial space layout continues to advance.

Hainan Drinda New Energy Technology (02865) rose over 10%, and the company's A-shares hit the daily limit up this morning. As of press time, it was up 10.55% at HK$14.67, with a turnover of HK$123 million. On the news front, at the Barron's Investment Conference in New York on November 6, Musk disclosed in a conversation that the first batch of Starmind, jointly developed with Nvidia, is expected to begin launches in Q3 2027, starting at a small scale, reaching a considerable volume in 2028, and entering the large-scale deployment phase in 2029. Musk laid out the core underlying logic: to achieve computing power growth of 200GW per year, ground-based power supply faces rigid constraints, and computing power expansion must extend into space. Soochow previously noted that Hainan Drinda New Energy Technology has formed a complete business layout of "satellite energy + whole-satellite manufacturing + space computing constellation," with its satellite business advancing in an orderly manner. At the same time, the company continues to advance the R&D and validation of complete CPl+HJT/perovskite products, continuously developing domestic and overseas customers. The related products target large-scale communications and computing constellation application scenarios and are expected to leverage the company's accumulated photovoltaic cell technology to expand the space photovoltaic application market and cultivate new medium- to long-term growth drivers.