Hainan Drinda New Energy Technology (02865) reported a net loss attributable to shareholders of approximately RMB 428 million for the first three quarters, a year-on-year increase of 2.25%.

Hainan Drinda New Energy Technology (02865) announced its results for the first three quarters of 2026, with revenue of approximately RMB 5.223 billion, down 8.08% year on year; net loss attributable to shareholders of the listed company of approximately RMB 428 million, up 2.25% year on year; and basic loss per share of RMB 1.4. In the first three quarters of 2026, affected by a combination of factors including adjustments to domestic electricity pricing policies, a phased decline in end-market installation demand, and overseas trade barriers, the supply-demand dynamics across the entire photovoltaic industry chain have not yet improved substantially, industry product prices have fluctuated at low levels, and the company's operating performance has come under pressure. Facing the complex industry cycle and market environment, the company has remained committed to its positioning as a specialized photovoltaic cell manufacturer, closely aligned itself with the needs of global module customers, continued to deepen its focus on its core N-type cell business, and continued to advance cost reduction and efficiency enhancement across its production lines. Through multiple measures such as optimizing production processes, improving cell conversion efficiency, strictly controlling production costs, and deepening refined operations, the company has continued to restore the profitability of its core business. It has steadily advanced its globalization strategy, continuously expanded overseas sales channels, and optimized trade routes. Through diverse cooperation models, it has deeply integrated into overseas industry chain systems, promoted localized overseas production capacity deployment, and ensured the steady development of its overseas business. At the same time, the company continues to explore innovative photovoltaic application scenarios and, leveraging its own technological and industrial foundations, actively positions itself in emerging business areas. Through diverse approaches such as industrial investment and extensional mergers and acquisitions, the company has expanded its industrial boundaries, continued to cultivate new performance growth drivers, and provided strong support for the company's medium- and long-term high-quality development.