According to market data, Drinda (02865) saw its Hong Kong-listed shares surge significantly, while its A-shares hit the daily limit earlier this morning. As of press time, the stock was up 17.98% at HK$12.47, with a turnover of HK$182 million.
On the news front, six Shanghai government departments publicly released an action plan for the satellite internet industry development (2027-2030), proposing that by 2030, Shanghai's satellite internet industry should have more than 3,000 satellites in orbit, with the core industry scale exceeding 80 billion yuan.
Additionally, at the 2026 Satellite Internet Industry Ecosystem Conference, the "Star Hub Plan" was officially announced, outlining a three-phase thousand-satellite deployment roadmap. It specified goals to complete the networking of 800 computing satellites and 200 edge computing satellites by 2032, with space-based computing power reaching millions of TOPS.
Public information shows that Drinda's subsidiaries Jietai Aerospace and Xuntian Qianhe have respectively expanded into space photovoltaics and satellites, forming an industry synergy loop of "materials-components-systems-in-orbit verification."
As of September 20, Xuntian Qianhe has successfully delivered 14 satellites, six of which possess space-based computing capabilities. The company reported third-quarter revenue of 2.042 billion yuan, up 37.4% quarter-on-quarter; net loss attributable to shareholders was 175 million yuan, a quarter-on-quarter reduction in losses of 92 million yuan.
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