Hong Kong Stock Movement | DRINDA (02865) Drops Over 3%, Forecasts Widened 2025 Loss Exceeding 1.2 Billion Yuan

Stock News01-19

DRINDA (02865) fell more than 3%. As of the time of writing, the stock was down 3.2%, trading at HKD 24.2, with a turnover of HKD 154 million. On the evening of January 16, DRINDA issued an announcement forecasting a net loss attributable to shareholders of the listed company for the 2025 fiscal year in the range of 1.2 billion to 1.5 billion yuan, compared to a loss of 591 million yuan in the same period last year. The announcement pointed out that while global photovoltaic installations continue to experience high growth, with particularly strong demand for photovoltaic cells in overseas markets, the industry's supply-demand imbalance remains at a cyclical low. Compounded by factors such as ineffective price transmission in the main industrial chain, the company is under operational pressure, leading to a phase of losses. Concurrently, the company plans to make asset impairment provisions based on the principle of prudence, which is expected to have a certain impact on the current period's performance.

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