HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose more than 11%. The company is building a space energy + satellite manufacturing industry chain.

Hainan Drinda New Energy Technology (02865) rose more than 11%, rising by 11.38% to HKD 40.12 as of the time of publication, with a turnover of HKD 6.88 billion. On the news front, the 2026 government work report highlighted the nurturing and strengthening of emerging industries and future industries. The implementation of industrial innovation projects encourages central and state-owned enterprises to take the lead in opening up application scenarios and build emerging pillar industries such as aerospace. It is reported that this is the first time the government work report has designated aerospace as an "emerging pillar industry." Previously, "commercial aerospace" had been included in the government work report for two consecutive years. A recent research report from Citic-Haitong stated that the company already holds a stake in a satellite constellation enterprise and is developing a space energy + satellite manufacturing industry chain. According to the Tianhe Public WeChat account, the company is currently investing in the construction of an intelligent satellite R&D factory to support future large-scale and higher complexity satellite batch production and research tasks, with the capability to produce hundreds of satellites annually. In addition, CPI film is expected to be applied in space photovoltaic, and the company is actively deploying in this area.