Following a staggering 51% surge in the previous trading session, shares of DRINDA (02865) continued their upward trajectory today, opening more than 6% higher. At the time of writing, the stock was up 6.05%, trading at HK$41.36, with a turnover of HK$31.082 million. 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, voiced 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. Notably, on January 14th, DRINDA announced its intention to invest 30 million yuan in cash to acquire a stake in Shanghai Xingyi Xinneng Technology Co., Ltd., subscribing for 461,539 yuan of new registered capital to obtain a 16.6667% equity interest, thereby initiating a strategic expansion from terrestrial photovoltaics to space-based solar power. However, in a subsequent announcement on January 23rd, the company clarified that the comprehensive cost-effectiveness of perovskite photovoltaic technology in the extreme environment of space still requires verification, and no formal business agreement has been signed with its investee company, Xingyi Xinneng, regarding space-based solar power projects.
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