HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose more than 9%, entering the highly prosperous track of commercial aerospace. Institutions believe that it is expected to make a profit contribution by 2028.

Hainan Drinda New Energy Technology (02865) rose by more than 9%, as of the time of drafting, it rose by 9.33% to 30 Hong Kong dollars, with a trading volume of 2.12 billion Hong Kong dollars. On the news front, Huatai believes that the company is the first professional N-type TOPCon cell leader in the photovoltaic industry to be listed in both the "A+H" markets, and has quickly entered the commercial aerospace track. The photovoltaic cell base relies on its leading technological advantage and global production capacity layout. In the first quarter of 2026, the profit was the first to turn positive, becoming one of the few companies in the industry to achieve a turnaround during the same period; the commercial aerospace business has quickly landed through precise equity investments, becoming a platform-type enterprise in China that is rare and simultaneously controls the core technology of space photovoltaics and satellite integrated manufacturing capabilities. It is expected to open up the company's second growth curve in the medium to long term. The bank pointed out that the market generally believes that the company's commercial aerospace business is still in the early stages of deployment, and substantial profit contributions will take a long time. However, the bank believes that the company's current stock price is mainly affected by changes in market expectations for commercial aerospace. The bank breaks down the volume pace and profit contribution of the company's commercial aerospace business: the corresponding net profit attributable to the mother for the company's commercial aerospace business in 2026-2028 is 0.21/0.82/2.38 billion yuan, accounting for 3.60%/8.47%/16.80% of the company's net profit. It is expected to begin to generate certain profit contributions in 2028.