Stock Track | DRINDA Soars 5.25% Intraday on Strong Q1 Earnings Recovery and Robust Overseas Expansion

Stock Track11:09

DRINDA's stock price soared 5.25% during intraday trading on Friday, reflecting strong investor sentiment.

The surge is attributed to the company's reported Q1 earnings recovery, with revenue reaching 1.694 billion yuan and net profit turning positive at 14.16 million yuan, signaling a clear bottoming out. Furthermore, the company's overseas business has transformed into its core growth engine, with overseas sales revenue for the prior fiscal year surging 62.83% year-over-year to 3.864 billion yuan, increasing its share of total revenue from 23.85% to 50.66%.

Positive sentiment was also bolstered by recent Buy ratings from multiple brokerages and strength in the broader photovoltaic sector, contributing to the stock's upward movement.

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