---
title: "Brief News: Battery cell prices rebound, Drinda turns a profit in the first quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282406910.md"
description: "Hainan Drinda New Energy Technology Co., Ltd., a photovoltaic cell manufacturer, announced that its revenue for the first quarter of this year was 1.694 billion yuan, with net profit turning from a loss to a profit of 14.16 million yuan, mainly benefiting from the increase in the sales price of solar cells. The company also holds shares in Shanghai Xingyi Xinneng Technology and acquired a 60% stake in Shanghai Fuyuan Xinghe Aerospace Technology, expanding the application of photovoltaic technology. The net cash outflow from operating activities was 704 million yuan. Drinda maintains a high market share in overseas markets, and its stock price slightly declined on Friday"
datetime: "2026-04-11T06:15:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282406910.md)
  - [en](https://longbridge.com/en/news/282406910.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282406910.md)
---

# Brief News: Battery cell prices rebound, Drinda turns a profit in the first quarter

Photovoltaic cell manufacturer **Hainan Drinda New Energy Technology Co., Ltd.** (2865.HK; 002865.SZ) announced on Thursday that its revenue for the first quarter of this year was 1.694 billion yuan (248 million USD), a year-on-year decrease of 9.6%. The net profit turned from a loss of 106 million yuan in the same period last year to a profit of 14.16 million yuan.

The company stated that the improvement in profitability was mainly due to the increase in the selling price of solar cells, which boosted the overall profit level. During the period, the company invested cash to acquire a stake in Shanghai Xingyi Xinneng Technology and acquired a 60% stake in Shanghai Fuyou Xinghe Aerospace Technology, indirectly controlling Shanghai Xuntian Qianhe Space Technology Co., Ltd., further broadening the application scenarios of photovoltaic technology and cultivating a second growth curve. The net cash outflow from operating activities recorded 704 million yuan, more than doubling year-on-year.

The company stated that it is continuously promoting cost reduction and efficiency improvement for N-type batteries and increasing R&D investment in xBC and perovskite tandem batteries. In terms of overseas markets, the company maintains a high market share in India, Turkey, and Europe, and is advancing local production capacity layout.

Drinda's stock price on the Hong Kong stock market opened high but fell, reporting 74.91 HKD at noon, down 0.82%. The stock has recorded a 36.8% increase year-to-date.

_Li Shida_

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