Hainan Drinda New Energy Technology (SHE:002865, HKG:2865) widened its loss in the first half of 2025 to 263.7 million yuan from 166.3 million yuan in the year-ago period, a late Monday filing with the Hong Kong bourse said.

Shares of the photovoltaic cell manufacturer were down 3% in Tuesday afternoon trading.

Loss per share rose to 1.07 yuan in the half year from 0.94 yuan in the corresponding period of the last year.

Revenue fell 43% to 3.66 billion yuan in the six months from 6.36 billion yuan a year prior.

The lower revenue was mainly due to a decline in revenues from mainland China, attributable to a drop in the sales volume of PV cells and a lower prevailing market price.