---
title: "BRIEF: Rising solar cell prices lift Drinda back to the black"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282407029.md"
description: "Hainan Deruida New Energy Technology Co., Ltd.; announced on Thursday that its first-quarter revenue decreased by 9.6% year-on-year to RMB 1.69 billion (USD 248 million), but its net profit was RMB 14.16 million, turning a profit from a loss of RMB 105.9 million in the same period last year. The company stated that the improvement in profitability was mainly due to the rise in solar cell prices, which enhanced profit margins. During this period, the company acquired shares in Shanghai Xingyi New Energy Technology and purchased 60% of Shanghai Fuyao Xinghe Aerospace Technology, thereby indirectly controlling Shanghai Xuntian Qianhe Space Technology to expand application scenarios and develop a second growth curve"
datetime: "2026-04-11T06:20:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282407029.md)
  - [en](https://longbridge.com/en/news/282407029.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282407029.md)
---

# BRIEF: Rising solar cell prices lift Drinda back to the black

Solar cell maker **Hainan Drinda New Energy Technology Co. Ltd.** (2865.HK; 002865.SZ) **announced** on Thursday its revenue fell 9.6% year-on-year to 1.69 billion yuan ($248 million) in the first quarter, while it swung to a net profit of 14.16 million yuan from a loss of 105.9 million yuan a year earlier.

The company credited the profitability improvement mainly to higher prices for solar cells, which lifted its margins. During the period, it acquired a stake in Shanghai Xingyi Xinneng Technology and purchased 60% of Shanghai Fuyao Xinghe Aerospace Technology, giving it indirect control of Shanghai Xuntian Qianhe Space Technology to expand application scenarios and develop a second growth curve. Its net cash outflow from operating activities widened to 703.6 million yuan during the quarter, more than doubling year-on-year.

Meanwhile, the company is pushing ahead with cost reductions and efficiency gains for its N-type cells, while ramping up R&D in xBC and perovskite tandem technologies. Overseas, it continues to hold a strong position in India, Turkey and Europe, and is advancing localized capacity expansion The company’s stock opened higher on Friday in Hong Kong, closing at HK$29.4, up 0.96%. The stock is up 36.8% year to date.

_By Lee Shih Ta_

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