Hainan Drinda New Energy Technology Co. Ltd.
2865 · HKEX · China
jietaisolar.comFinancials as of FY2025
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleLevered free cash flow is -$232.48M, lower than 95% of all stocks globally
- FinancialsAltman Z-Score 0.57: distress zone
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
9.13BHKD1.16B · vs all stocks (USD)
Revenue (TTM)
8.67BCNY1.11B · vs all stocks (USD)
Profit Margin
-17.40%vs Solar peers
Beta
0.3550xvs all stocks
52-Week Change
-22.31%vs all stocks
Market Capitalization
9.13BHKD1.16B · vs all stocks (USD)
Enterprise Value
9.18BHKD1.17B · vs all stocks (USD)
Price to Sales (TTM)
0.7975xvs Solar peers
Price to Book (MRQ)
1.26xvs Solar peers
Enterprise to Revenue
1.06xvs Solar peers
Enterprise to EBITDA
29.08xvs Solar peers
Gross Margin
13.54%vs Solar peers
Profit Margin
-17.40%vs Solar peers
Operating Margin
11.46%vs Solar peers
Return on Assets (TTM)
-1.87%vs Solar peers
Return on Equity (TTM)
-33.01%vs Solar peers
Revenue (TTM)
8.67BCNY1.11B · vs all stocks (USD)
Revenue per Share (TTM)
26.40CNYUpdated Aug 19, 2026Quarterly Revenue Growth
-9.60%vs Solar peers
Gross Profit (TTM)
-126.33MCNY-16.11M · vs all stocks (USD)
EBITDA (TTM)
229.90MCNY29.32M · vs all stocks (USD)
Net Income (TTM)
-1.51BCNY-192.32M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-3.19%vs Solar peers
Operating Cash Flow (TTM)
-1.03BCNY-130.76M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-1.82BCNY-232.48M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.00HKDUpdated Aug 19, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Solar peers
Revenue
7.63BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
7.73BCNYFY2025 · Dec 31, 2025Gross Profit
-101.07MCNYFY2025 · Dec 31, 2025Operating Income
-603.67MCNY-89.66M · vs all stocks (USD)
Pre-tax Income
-1.37BCNYFY2025 · Dec 31, 2025Income Tax Expense
45.46MCNYFY2025 · Dec 31, 2025Net Income
-1.42BCNYFY2025 · Dec 31, 2025EBIT
-1.10BCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
229.90MCNYFY2025 · Dec 31, 2025Research & Development
110.59MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
98.10MCNYFY2025 · Dec 31, 2025Other Operating Expenses
58.92MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
60.81MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
272.67MCNYFY2025 · Dec 31, 2025EPS (Basic)
-5.35CNYFY2025 · Dec 31, 2025EPS (Diluted)
-5.35CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
264.63MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
264.63MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-1.42BCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-1.64BCNYFY2025 · Dec 31, 2025Free Cash Flow
-1.85BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
2.99BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-1.42BCNYFY2025 · Dec 31, 2025Other Non-cash Items
308.76MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-361.91MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-175.23MCNYFY2025 · Dec 31, 2025Capital Expenditures
-202.62MCNYFY2025 · Dec 31, 2025Net Acquisitions
117.49MCNYFY2025 · Dec 31, 2025Purchase of Investments
-14.86BCNYFY2025 · Dec 31, 2025Sale of Investments
14.44BCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-498.02MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
3.49BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-2.61BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-259.50MCNYFY2025 · Dec 31, 2025Other Financing Charges
774.96MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
1.39BCNYFY2025 · Dec 31, 2025Shares Outstanding
311.27MSharesUpdated Aug 19, 2026Float Shares
233.75MSharesUpdated Aug 19, 2026% Held by Insiders
14.03%vs all stocks
% Held by Institutions
10.24%vs all stocks
Total Cash (MRQ)
4.74BCNY604.91M · vs all stocks (USD)
Total Cash per Share (MRQ)
13.17CNYUpdated Aug 19, 2026Total Debt (MRQ)
6.97BCNY888.83M · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.47xvs Solar peers
Current Ratio (MRQ)
1.04xvs Solar peers
Book Value per Share (MRQ)
15.15CNYUpdated Aug 19, 2026Total Assets
16.40BCNY2.44B · vs all stocks (USD)
Total Current Assets
7.41BCNYFY2025 · Dec 31, 2025Total Liabilities
12.74BCNYFY2025 · Dec 31, 2025Total Non-current Assets
9.00BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
5.58BCNYFY2025 · Dec 31, 2025Total Current Liabilities
7.16BCNYFY2025 · Dec 31, 2025Cash
2.95BCNYFY2025 · Dec 31, 2025Cash Equivalents
1.46BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
4.41BCNYFY2025 · Dec 31, 2025Other Short-term Investments
629.86MCNYFY2025 · Dec 31, 2025Accounts Receivable
66.76MCNYFY2025 · Dec 31, 2025Inventory
637.98MCNYFY2025 · Dec 31, 2025Accounts Payable
3.73BCNYFY2025 · Dec 31, 2025Short-term Debt
3.21BCNYFY2025 · Dec 31, 2025Other Current Liabilities
7.91MCNYFY2025 · Dec 31, 2025Long-term Debt
2.02BCNYFY2025 · Dec 31, 2025Common Stock (Book)
292.58MCNYFY2025 · Dec 31, 2025Retained Earnings
-702.13MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
3.66BCNY543.56M · vs all stocks (USD)
Treasury Stock
100.96MCNYFY2025 · Dec 31, 202552-Week Low
14.95HKDUpdated Aug 19, 202652-Week High
52.60HKDUpdated Aug 19, 202652-Week Change
-22.31%vs all stocks
Beta
0.3550xvs all stocks
50-Day MA
20.12HKDUpdated Aug 19, 2026200-Day MA
27.04HKDUpdated Aug 19, 2026Avg 10-Day Volume
3.64MSharesUpdated Aug 19, 2026Avg 30-Day Volume
5.50MSharesUpdated Aug 19, 2026Diluted EPS (TTM)
-5.63CNYUpdated Aug 19, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Financial Health
Altman Z-Score 0.57: distress zoneCritical
Altman Z-Score: 0.57
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Levered free cash flow is -$232.48M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -232,475,605.612Global P5: -219,013,500
Market cap is $1.16B, above the global median of $1.15BNotable
Market cap (USD): 1,164,996,970.131Global Median: 1,146,734,693.424
Revenue is $1.11B, above the global median of $520.53MNotable
Revenue (USD): 1,105,310,808.073Global Median: 520,528,949.311
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