DRINDA's stock price surged 5.42% during intraday trading on Monday, driven by positive financial results and analyst optimism.

The rally was primarily fueled by the company's recently disclosed first-quarter earnings report, which showed a successful return to profitability. The company posted a net profit attributable to shareholders of RMB 14.1636 million, representing a significant year-over-year increase of 113.38%. This improvement was attributed to a favorable shift in supply-demand dynamics within its battery segment and robust overseas demand.

Concurrently, broker Crossbank International raised its target price for the company to HKD 86.89 and maintained a "Buy" rating. The upgrade was based on a combined valuation that includes both its core battery cell business and its expanding operations in commercial aerospace and space solar energy, positioning the company as a multi-segment platform enterprise.