Companies ›Energy ›2865.HK

2865.HK — HKEX Renewable Energy Equipment & Services

Hainan Drinda New Energy Technology Co Ltd

HK$39,76

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Mcap

3,3B HKD

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About

Hainan Drinda New Energy Technology Co Ltd is engaged in the renewable energy sector, focusing on the production and provision of renewable energy equipment and services.

Business. Hainan Drinda New Energy Technology Co Ltd (2865.HK) is a renewable energy equipment and services company listed on the Hong Kong Stock Exchange. The firm operates within the renewable energy sector, focusing on the provision of energy technology solutions. Headquartered in Hainan, the company does not disclose specific operating segments or geographic revenue breakdowns in the available data. Its primary business activities align with the broader renewable energy equipment and services industry.

Classification92 %

SectorEnergy

Business sectorRenewable Energy

IndustryRenewable Energy Equipment & Services

ActivityRenewable Energy

Generated · model-assisted

Sell-side consensus

BUY1 analysts

1 buy0 hold0 sell

Avg 12m price target50,00

Analyst recommendations

1 analysts · consensus Buy

Buy1

Hold0

Sell0

12-month price target

50,00

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts→

Buy

1 analysts · indicative

Ownership

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not yet wired

Profitability

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not yet wired

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 2865.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 2865.HK. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Hainan Drinda New Energy Technology Co Ltd (2865.HK) is a renewable energy equipment and services company listed on the Hong Kong Stock Exchange. The firm operates within the renewable energy sector, focusing on the provision of energy technology solutions. Headquartered in Hainan, the company does not disclose specific operating segments or geographic revenue breakdowns in the available data. Its primary business activities align with the broader renewable energy equipment and services industry.

Classification92 %

SectorEnergy

Business sectorRenewable Energy

IndustryRenewable Energy Equipment & Services

ActivityRenewable Energy

AI synthesis

GENERATED

Hainan Drinda New Energy Technology Co Ltd maintains a liquidity position that is characterized as medium risk, with a net cash position that is negative after subtracting total debt. The company's liquidity FPT (free cash flow to total debt) is not explicitly provided, but the financial snapshot indicates a cash and equivalents balance of 2992960000.0 CNY and long-term debt of 3106948000.0 CNY, suggesting a net cash deficit of 113988000.0 CNY. The operating cash flow of 1352088000.0 CNY supports some degree of liquidity, but the capital expenditure of -207285000.0 CNY indicates ongoing investment in the business.

In terms of profitability and returns, the company's valuation snapshot shows a market price of 36.2 CNY and a market cap of 2972537660.0 CNY, with an enterprise value to revenue ratio of 0.41. This suggests that the company is trading at a discount relative to its revenue, which may indicate undervaluation or concerns about future earnings potential. The operating cash flow of 1352088000.0 CNY is a positive sign, but the company's profitability metrics such as ROIC and margins are not provided in the valuation snapshot.

The company's revenue is not segmented by geographic regions or business segments in the provided data, so it is not possible to assess the geographic exposure or revenue concentration. However, the company operates in the renewable energy sector, which is subject to global trends and local regulatory environments.

The growth trajectory of Hainan Drinda New Energy Technology Co Ltd is not explicitly detailed in the provided data. Analyst estimates suggest a mean price target of 50.00 CNY, which is higher than the current market price of 36.2 CNY, indicating a potential for growth. However, the mean recommendation of 2.00 suggests a neutral stance from analysts, with one buy recommendation and no strong buy or hold recommendations.

The risk assessment for the company indicates a medium liquidity risk and a low dilution risk. The key flag of net cash being negative after subtracting total debt highlights the company's liquidity challenges. The dilution potential is low, and no specific adjustments have been applied to the valuation metrics.

Recent events and filings are not detailed in the provided data, so it is not possible to comment on any recent developments that may have impacted the company's financial position or strategic direction.

Key takeaways

Hainan Drinda New Energy Technology Co Ltd is trading at a discount relative to its revenue, with an enterprise value to revenue ratio of 0.41.
The company has a negative net cash position after subtracting total debt, indicating liquidity challenges.
Analysts have a neutral stance on the company, with a mean recommendation of 2.00 and a mean price target of 50.00 CNY.
The company's profitability metrics such as ROIC and margins are not provided, making it difficult to assess its returns and efficiency.
The company's growth trajectory is not explicitly detailed, but the mean price target suggests potential for growth.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

HK$39,76

Market cap

HK$2.97B

Enterprise valueⓘ

HK$3.09B

P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

2.3x

P / Bⓘ

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P / Tangible bookⓘ

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Tangible book

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Net cashⓘ

-HK$114.0M

Current ratioⓘ

—

Debt / equityⓘ

—

ROAⓘ

—

ROEⓘ

—

Cash conversionⓘ

—

CapEx / revenueⓘ

-2.7%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution1 analysts

Strong buy0

Buy1

Hold0

Sell0

Strong sell0

12-month price targetHK$50,00 · Median HK$50,00

Low HK$50,00High HK$50,00

Operating income · consensus-1,0B CNY

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

LowHK$50,00

MeanHK$50,00

MedianHK$50,00

HighHK$50,00

SpotHK$39,76

+25.8 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Capex / Rev-2,7 %Above median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Price
input from market-data provider (delayed close or quote-shim mid)
Market Cap
market_price * shares_outstanding_diluted
Ev To Revenue
enterprise_value / revenue
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Ev To Operating Cash Flow
enterprise_value / operating_cash_flow

Source documents

Hainan Drinda New Energy Technology Co Ltd Market data — financials · 2026-05-26
Hainan Drinda New Energy Technology Co Ltd Market data — analyst estimates · 2026-05-26
Hainan Drinda New Energy Technology Co Ltd Market data — ESG · 2026-05-26

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

2865.HKCanonical

HKEX · HKD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread