DRINDA (02865) experienced another sharp decline of over 15%, bringing the total drop to more than 30% from yesterday's peak. At the time of writing, the stock was down 13.45%, trading at HKD 31.54, with a turnover of HKD 523 million.

On the news front, DRINDA announced on January 14th its intention to invest CNY 30 million in cash to acquire a stake in Shanghai Xingyi Xinneng Technology Co., Ltd., subscribing for CNY 461,539 in new registered capital to obtain a 16.6667% equity interest, thereby initiating a strategic expansion from terrestrial photovoltaics to space-based photovoltaics.

It is noteworthy that DRINDA recently issued another announcement clarifying that the sectors it has recently entered are currently still in a phase of technical exploration, with significant uncertainties surrounding future market potential and the pace of industrialization, potentially facing risks such as technological iteration and intensified market competition.

Currently, the related business is in the research and development stage, and the company has no existing orders in hand, making the progress of future market development uncertain.

The relevant investment is not expected to have a material impact on the company's current operating performance, and the long-term impact on future performance remains uncertain.