Movement Alert｜DRINDA Rises 5.36% in Regular Trading, Xingshu Plan First Constellation Launch Continues to Drive Momentum

On July 23, DRINDA rose 5.36% in regular trading, trading at HK$17.59/share, with turnover of HK$32.15 million.

On the news front, the Shanghai space digital infrastructure project Xingshu Plan first constellation, officially unveiled during the World Artificial Intelligence Conference on July 18, continues to fuel market enthusiasm. DRINDA, through its controlling subsidiary Xuntian Qianhe, indirectly controls Xingshu Tiansuan, which is responsible for the constellation development and operations. The overall plan calls for the deployment of 1,000 space-based computing satellites. The first constellation adopts a one-primary-two-auxiliary cluster architecture, with the central computing satellite energy system supplied by DRINDA subsidiary Jietai Aerospace, utilizing a crystalline silicon-perovskite tandem composite power generation solution with output reaching 15kW.

It is worth noting that the company previously disclosed that its space photovoltaic products remain in the laboratory R&D and on-orbit verification stage, and have not yet generated revenue or profit. Multiple brokerages including Guojin Securities have issued buy ratings, projecting parent net income of RMB 680 million to RMB 1.36 billion for the period ahead.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)