Hainan Drinda New Energy Technology Co.,Ltd. (02865) saw its shares rise more than 16% during the session, with its A-suspend hitting the daily limit in afternoon trading. At the time of writing, the stock was up 14.80%, trading at HK$43.76 with a turnover of HK$794 million.
This month is expected to see intensive catalysts for commercial aerospace both domestically and internationally. According to Guojin Securities, domestically, the Long March 10B (CZ-10B) reusable large liquid-fuel rocket developed by China Aerospace Science and Technology Corporation is scheduled for its maiden flight in mid-May. In the private sector, LandSpace plans to conduct another recovery test for its Zhuque-3 Y2 rocket between May and June. Internationally, SpaceX is accelerating its IPO process, targeting a valuation exceeding $2 trillion. It aims to submit its IPO application as early as May, with pricing in June. If it achieves its fundraising goal of $75 billion, it would become the largest IPO in history, reshaping the global aerospace industry's capital landscape.
Industrial Securities noted that the company is actively expanding into the space solar and commercial aerospace sectors, deeply seizing new opportunities in the industry's development. In the first quarter of 2026, the company acquired a 16.67% stake in Shanghai Xingyi Xinneng through cash investment and purchased a 60% stake in Shanghai Fuyao Xinghe, thereby gaining indirect control of Shanghai Xuntian Qianhe. The company's space solar business, centered around Jietai Aerospace, is accelerating the technological development of CPI films and perovskite-crystalline silicon tandem products, as well as the construction of pilot production lines, while steadily advancing customer verification and in-orbit testing.
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