Stock Track | DRINDA Soars 6.43% Intraday on Strong Q1 Earnings Turnaround and Broker Upgrade

Stock Track09:38

DRINDA's stock surged 6.43% during intraday trading, extending its recent positive performance.

The sharp gain follows the company's robust first-quarter results, which showed a decisive turnaround to profitability. Net profit attributable to shareholders reached RMB 14.16 million, a significant improvement from a loss of RMB 106 million in the same period last year. Gross margin also rose substantially to 13.54%, reflecting improved operational efficiency and favorable industry dynamics.

Adding to the positive sentiment, Guojin Securities initiated coverage with a "Buy" rating, citing the core business recovery, premium pricing for overseas battery cell exports, and the strategic formation of an aerospace energy segment through acquisition. The company's expansion initiatives in Turkey and Oman further support expectations for sustained earnings growth.

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