HK Stock Market Move | Hainan Drinda New Energy Technology (02865) fell over 5%, with losses in the second quarter expanding year-on-year as battery prices accelerate their decline.

Hainan Drinda New Energy Technology (02865) fell over 5%. As of the time of publication, it was down 4.82%, priced at HKD 15.81, with a transaction amount of HKD 33.0873 million. In terms of news, Hainan Drinda New Energy Technology released its interim results for the first half of 2026, reporting revenues of RMB 3.151 billion, a year-on-year decrease of 13.81%; the loss attributable to shareholders was RMB 253 million, a decrease of 4.03% year-on-year. In the second quarter, the company achieved operating revenue of RMB 1.486 billion, a year-on-year decrease of 16.89%; the net profit attributable to parent company was -RMB 267 million, a year-on-year increase in loss and a sequential shift to loss. CICC believes that the company's second-quarter results were below its expectations, mainly due to the accelerated decline in battery cell prices. The company shipped approximately 10 GW of batteries in the first half of the year, with the second-quarter shipping estimated at about 5 GW, and approximately 50% of shipments were overseas. According to Solarzoom data, the price of TOPCon (182) cells (including tax) fell approximately 23% quarter-on-quarter in Q2 2026 to RMB 0.33 per W, with continued pressure on profitability in the battery segment in the second quarter.