DRINDA (02865) surged more than 38% at one point during the trading session. As of the time of writing, the stock was up 27.48%, trading at HKD 32.84, with a turnover of HKD 1.027 billion.
On the news front, media reports indicated that on January 22nd, Tesla CEO Elon Musk, during a conversation with BlackRock CEO Larry Fink at the World Economic Forum annual meeting in Davos, Switzerland, explicitly expressed strong support for space-based solar power and disclosed key capacity plans.
He stated that SpaceX and Tesla are simultaneously advancing efforts to increase solar energy production capacity, targeting an annual solar manufacturing capability of 100 GW within the next three years.
A research report from Caixin Securities suggests that driven by trends in the commercial aerospace industry, various attempts at industrializing emerging technologies are emerging, with space-based solar power becoming a significant direction.
Notably, recently, DRINDA announced the launch of a rights issue, intending to use part of the raised funds for the research, development, and production of products related to space solar cells.
Previously, the company disclosed plans to invest CNY 30 million in cash to acquire a 16.67% stake in Shanghai Xingyi Xinneng, becoming its second-largest shareholder.
The two parties will establish a joint venture primarily engaged in CPI films, and products combining CPI films with crystalline silicon solar cells, aiming to enter the low-orbit and space solar markets.
China Merchants Securities believes that the company is taking a leading step in expanding from terrestrial photovoltaics to space-based photovoltaics, leveraging its advantages and deep experience in large-scale crystalline silicon manufacturing, and is expected to gain new growth opportunities in the global low-orbit satellite and space computing power industry.
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