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Hainan-based Chinese new-energy technology company, per its industry classification; specific products not independently confirmed.
Hainan-based Chinese new-energy technology company, per its industry classification; specific products not independently confirmed.
Moat: none
Headquarters: Hainan, China · Employees: 2,712
Size Hainan Drinda New Energy Technology (2865.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $1.62B, the 472nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.27 on 6 Nov 2026.
Performance Over six months the shares fell 65.2%, against -38.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 18 in its peer set.
Growth Revenue grew 1.2% over the last twelve months (peer median +25.6%); the operating margin is -13.2% (peer median 8.8%).
Valuation It trades at 2.0× enterprise value to sales against a peer median of 2.5× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +54%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.5 points below its cost of capital (7.9% WACC).
Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$8.13B | HK$8.27B | HK$10.8B | HK$20.6B | HK$13.5B |
| Revenue growth | — | -23% | -48% | +53% | — |
| Gross profit | HK$530M | -HK$220M | -HK$750,187 | HK$3.00B | HK$1.55B |
| EBITDA | n/a | HK$41.6M | HK$189M | HK$2.63B | HK$1.46B |
| Net income | -HK$1.59B | -HK$1.54B | -HK$641M | HK$901M | HK$834M |
| Free cash flow | HK$227M | -HK$702M | HK$229M | -HK$883M | -HK$430M |
| Capital expenditure | HK$35.4M | HK$221M | HK$481M | HK$3.07B | HK$611M |
| Total debt | HK$9.33B | HK$8.07B | HK$6.36B | HK$5.09B | HK$4.28B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2865.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.5% | -18.7% | highest of 21 |
| 6-month return | -65.2% | -38.8% | lowest of 18 |
| Distance from 52-week high | -74.8% | -57.5% | lowest of 21 |
| Revenue growth (TTM) | +1.2% | +25.6% | 5th lowest of 21 |
| Operating margin | -13.2% | 8.8% | 2nd lowest of 21 |
| EV / Sales | 2.0× | 2.5× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 29.6% | 15.0% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +53.8% | +11.9% | highest of 11 |
| Hurdle (Req g minus delivered) | -24.2 pp | +4.9 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | -12.5 pp | -3.9 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hainan Drinda New Energy Technology 2865.HK | Hong Kong | $1.62B | -65% | +1% | -13% | 2.0× | 29.6% | +53.8% |
| Aerospace Hi-Tech 000901.SZ | China | $1.63B | -43% | -21% | 1% | 2.2× | n/a | n/a |
| Googol Technology 301510.SZ | China | $1.65B | -30% | +66% | 21% | 13.1× | 50.5% | +14.1% |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 2.0× | 9.4% | +22.8% |
| Yangtze Optical Electronic 688143.SS | China | $1.59B | +56% | +25% | 2% | 20.3× | n/a | n/a |
| Opple Lighting 603515.SS | China | $1.67B | -26% | +1% | 9% | 0.9× | n/a | n/a |
| Roshow Technology 002617.SZ | China | $1.68B | -24% | +4% | 8% | 3.6× | 17.9% | +5.2% |
| ERock EROC | United States | $1.56B | n/a | +43% | -19% | 6.4× | 12.5% | +42.5% |
| Hangzhou Gold Electronic Equipment 301669.SZ | China | $1.56B | n/a | +37% | 9% | 7.8× | n/a | n/a |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 1.9× | 15.4% | +8.0% |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 12.9× | 46.5% | +3.3% |
| Shenzhen SDG Information 000070.SZ | China | $1.55B | -33% | +27% | -1% | 2.6× | 28.4% | -1.3% |
| SWCC 5805.T | Japan | $1.71B | +1% | +21% | 11% | 1.1× | 6.4% | +11.4% |
| Shandong Hi-tech Spring Material Technology 301292.SZ | China | $1.54B | -46% | +46% | 11% | 1.9× | n/a | n/a |
| Beijing Victory Electric 001393.SZ | China | $1.53B | n/a | +31% | 11% | 2.9× | n/a | n/a |
| Cswind 112610.KS | South Korea | $1.52B | -31% | -8% | 7% | 1.1× | -0.5% | +23.8% |
| Iljin Electric 103590.KS | South Korea | $1.52B | -65% | +24% | 9% | 0.9× | n/a | n/a |
| Shenzhen Hopewind Electric 603063.SS | China | $1.52B | -50% | -5% | 9% | 2.5× | 14.6% | +12.3% |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 5.0× | n/a | n/a |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | 0.9× | n/a | n/a |
| Finolex Cables FINCABLES.NS | India | $1.76B | 0% | +27% | 10% | 2.4× | n/a | n/a |