Drinda Shares Surge Over 5% as Q3 Results Loom and Solar Cell Prices Recover

Drinda (02865) shares climbed more than 5%, rising 5.42% to HK$10.69 as of press time, with a turnover of HK$90.4227 million.

On the news front, Drinda will hold a board meeting today to consider and approve the company and its subsidiaries' third-quarter results for the nine months ended September 30, 2026.

According to institutional sources, solar cell prices recovered to above RMB 0.3/W during August and September in the third quarter of this year.

Notably, solar giant JinkoSolar recently disclosed its earnings forecast for the first three quarters of this year, and calculations indicate the company significantly narrowed its losses on a quarter-over-quarter basis in the single third quarter.

Kaiyuan Securities previously noted that in the first half of 2026, Drinda established Shanghai Xingxu TianSuan Aerospace Technology Co., Ltd. and Shangrao Jietai Aerospace Space Technology Co., Ltd., and included them in its consolidation scope.

The company's commercial aerospace business is still in the investment and cultivation stage and is not yet sufficient to offset the profit fluctuations of its core photovoltaic business in the short term. Going forward, the focus will mainly be on product delivery and order fulfillment.