H 
Hainan Drinda New Energy Technology Co 002865.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
44.45
-0.31%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥7.63bn
FY2016FY2025
Net income
−CN¥1.42bn
FY2016FY2025
Free cash flow
−CN¥689.6m
FY2016FY2025
Shareholders' equity
CN¥3.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.63bn | CN¥9.95bn | CN¥18.66bn | CN¥11.60bn | CN¥2.86bn | CN¥858.5m | CN¥826.7m | CN¥902.4m | CN¥1.15bn | CN¥922.5m |
| Gross profit | CN¥681.9m | −CN¥67.0m | CN¥2.65bn | CN¥1.30bn | CN¥330.0m | CN¥183.1m | CN¥224.3m | CN¥229.3m | CN¥274.8m | CN¥219.1m |
| Research and development | CN¥110.6m | CN¥198.7m | CN¥303.8m | CN¥249.5m | CN¥123.4m | CN¥53.3m | CN¥47.9m | CN¥36.9m | CN¥41.8m | CN¥32.9m |
| Operating income | −CN¥603.7m | −CN¥534.1m | CN¥746.1m | CN¥1.04bn | −CN¥54.3m | CN¥6.3m | CN¥23.9m | CN¥50.9m | CN¥93.2m | CN¥71.0m |
| Net income | −CN¥1.42bn | −CN¥591.1m | CN¥815.6m | CN¥716.9m | −CN¥178.6m | CN¥13.5m | CN¥17.2m | CN¥41.8m | CN¥67.4m | CN¥55.8m |
| Diluted earnings per share | -4.87 | -2.57 | 3.59 | 3.54 | -0.95 | 0.07 | 0.10 | 0.27 | 0.40 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥16.40bn | CN¥16.46bn | CN¥18.38bn | CN¥9.10bn | CN¥6.02bn | CN¥1.86bn | CN¥1.84bn | CN¥1.94bn | CN¥1.72bn | CN¥1.43bn |
| Cash and short-term investments | — | CN¥3.97bn | CN¥3.61bn | CN¥1.87bn | CN¥491.5m | CN¥333.0m | CN¥240.6m | CN¥416.3m | CN¥249.7m | CN¥200.2m |
| Total liabilities | CN¥12.74bn | CN¥12.57bn | CN¥13.68bn | CN¥8.05bn | CN¥4.41bn | CN¥809.7m | CN¥921.2m | CN¥1.02bn | CN¥874.3m | CN¥865.5m |
| Debt | CN¥2.02bn | CN¥3.66bn | CN¥2.46bn | CN¥2.25bn | CN¥370.3m | CN¥263.8m | CN¥456.6m | CN¥489.5m | CN¥107.0m | CN¥153.8m |
| Shareholders' equity | CN¥3.66bn | CN¥3.89bn | CN¥4.71bn | CN¥1.05bn | CN¥1.00bn | CN¥1.05bn | CN¥919.8m | CN¥920.5m | CN¥844.9m | CN¥559.5m |
| Shares outstanding | 291m | 230m | 227m | 203m | 188m | 193m | 170m | 157m | 170m | 125m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥485.8m | CN¥654.4m | CN¥1.98bn | CN¥155.8m | CN¥581.0m | CN¥50.4m | −CN¥28.0m | −CN¥90.9m | −CN¥51.6m | CN¥172.8m |
| Capital spending | −CN¥203.9m | −CN¥443.6m | −CN¥2.78bn | −CN¥525.4m | −CN¥154.1m | −CN¥119.6m | −CN¥139.5m | −CN¥108.0m | −CN¥55.5m | −CN¥89.6m |
| Free cash flow | −CN¥689.6m | CN¥210.8m | −CN¥801.7m | −CN¥369.7m | CN¥426.9m | −CN¥69.2m | −CN¥167.5m | −CN¥198.9m | −CN¥107.1m | CN¥83.2m |
| Dividends paid | −CN¥259.5m | −CN¥380.9m | −CN¥358.8m | −CN¥128.9m | −CN¥22.8m | −CN¥26.4m | −CN¥18.0m | −CN¥31.0m | −CN¥6.0m | −CN¥12.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.49bn | CN¥1.69bn | CN¥1.95bn | CN¥2.02bn | CN¥1.79bn | CN¥1.87bn | CN¥1.75bn | CN¥1.83bn |
| Gross profit | −CN¥48.4m | CN¥229.4m | −CN¥186.3m | CN¥13.4m | −CN¥102.1m | CN¥110.2m | −CN¥90.9m | CN¥28.6m |
| Operating income | −CN¥148.6m | CN¥215.0m | −CN¥326.9m | −CN¥127.1m | −CN¥142.5m | −CN¥68.1m | −CN¥130.8m | −CN¥254.1m |
| Net income | −CN¥267.2m | CN¥14.2m | −CN¥996.9m | −CN¥155.2m | −CN¥157.8m | −CN¥105.9m | −CN¥174.3m | −CN¥250.5m |
| Diluted earnings per share | -0.92 | 0.05 | -3.43 | -0.53 | -0.54 | -0.36 | -0.76 | -1.09 |
| Cash from operations | — | — | — | −CN¥1.00bn | CN¥468.0m | −CN¥308.0m | −CN¥51.0m | CN¥148.0m |
| Capital spending | −CN¥19.0m | −CN¥24.0m | — | −CN¥14.0m | −CN¥160.0m | −CN¥66.0m | −CN¥162.0m | −CN¥26.0m |
| Free cash flow | — | — | — | −CN¥1.02bn | CN¥308.0m | −CN¥374.0m | −CN¥213.0m | CN¥122.0m |
| Total assets | CN¥17.10bn | CN¥16.28bn | CN¥16.40bn | CN¥18.01bn | CN¥18.41bn | CN¥17.98bn | CN¥16.46bn | CN¥16.68bn |
| Cash and short-term investments | — | — | — | CN¥5.43bn | CN¥6.62bn | CN¥5.45bn | CN¥3.97bn | CN¥3.22bn |
| Debt | CN¥1.82bn | CN¥1.88bn | CN¥2.02bn | CN¥5.03bn | CN¥4.01bn | CN¥4.51bn | CN¥3.65bn | CN¥2.91bn |
| Shareholders' equity | CN¥3.78bn | CN¥4.03bn | CN¥3.66bn | CN¥4.66bn | CN¥4.81bn | CN¥3.78bn | CN¥3.89bn | CN¥4.03bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.9% | -0.7% | 14.2% | 11.2% | 11.5% | 21.3% |
| Operating margin | -7.9% | -5.4% | 4.0% | 9.0% | -1.9% | 0.7% |
| Net margin | -18.6% | -5.9% | 4.4% | 6.2% | -6.2% | 1.6% |
| Return on equity | -38.7% | -15.2% | 17.3% | 68.2% | -17.8% | 1.3% |
| Return on assets | -8.6% | -3.6% | 4.4% | 7.9% | -3.0% | 0.7% |
| Free cash flow yield | -2.6% | 12.7% | 55.7% | 8.9% | 10.4% | 2.3% |
| Revenue growth | -23.4% | -46.7% | 60.9% | 305.0% | 233.5% | 3.8% |
| Earnings growth | 139.5% | -172.5% | 13.8% | -501.3% | -1418.7% | -21.4% |
| Current ratio | 1.03x | 0.99x | 1.08x | 0.81x | 0.56x | 1.48x |
| Debt to equity | 0.55x | 0.94x | 0.52x | 2.14x | 0.37x | 0.25x |
| Equity ratio | 22.3% | 23.6% | 25.6% | 11.6% | 16.7% | 56.4% |
| Interest coverage | -2.21x | -2.38x | 3.06x | 6.25x | -1.16x | 0.16x |
| R&D as a share of sales | 1.4% | 2.0% | 1.6% | 2.2% | 4.3% | 6.2% |
| Buybacks as a share of market value | -26.6% | -1.1% | -12.1% | -7.9% | 2.6% | -13.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.0% | 54.8% | 25.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.5% | 9.6% | 9.9% | 11.1% |
| Operating margin | -6.5% | 1.4% | 1.2% | 1.6% |
| Net margin | -11.4% | -1.0% | -1.2% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.2 | -19.9 | 21.6 | 37.4 | -52.7 | 182.7 | 111.7 | 51.4 | 39.5 |
| Price to sales | 2.1 | 1.2 | 0.9 | 2.3 | 3.3 | 2.9 | 2.3 | 2.4 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Apr 2024.
| FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.746 | 0.597 | 0.036 | 0.072 | 0.107 | 0.129 | 0.036 |
- 1.398-for-1 split · 17 Apr 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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