DRINDA's stock surged 9.77% during intraday trading on Monday, extending its recent strong performance.

The significant price movement follows the company's better-than-expected first-quarter results, which showed a return to profitability with net income of 14.16 million yuan on revenue of 1.694 billion yuan. The company's gross margin recovered to 13.5%, signaling a fundamental turnaround that exceeded market expectations.

DRINDA's overseas expansion has been particularly impressive, with full-year overseas sales revenue reaching 3.864 billion yuan, representing a 62.83% year-over-year increase. The overseas revenue share has surged from 23.85% to 50.66%, demonstrating substantial progress in the company's globalization strategy across India, Turkey, and Europe. Additionally, the company has achieved technological advancements with N-type TOPCon cell mass production efficiency exceeding 26%, while establishing pilot lines for perovskite tandem and BC cells. Multiple brokerages have recently issued buy ratings on the stock, supported by broader strength in the photovoltaic sector.