Drinda(SZ:002865) Zhi Tong Cai Jing·2025-08-25 08:47Core Insights - Company reported a significant decline in revenue and an increase in net loss for the first half of 2025, with revenue approximately 3.656 billion and a net loss of about 264 million, marking a year-on-year decrease of 42.48% and an expansion of 58.51% in losses respectively [1] - The revenue drop was primarily attributed to a 67.9% decrease in the Chinese mainland market due to reduced sales of photovoltaic cells and falling market prices, although this was offset by a substantial 116.2% increase in revenue from overseas markets, indicating a strategic shift towards globalization [1][2] Financial Performance - Revenue for the first half of 2025 was approximately 3.656 billion, a decrease of 42.48% year-on-year [1] - Net loss was about 264 million, which is an increase of 58.51% compared to the previous year, resulting in a loss per share of 1.07 [1] Market Strategy - The company is focusing on global expansion, with overseas sales increasing from 23.9% in 2024 to 52.0% in the first half of 2025, reflecting efforts to build a robust international sales network and enhance global customer service capabilities [2] - The company is actively developing and optimizing N-type battery technology to meet market demands for high-efficiency batteries, aiming to improve the performance and cost-effectiveness of its products [2] Technological Advancements - The company has made progress in enhancing the conversion efficiency of its batteries, achieving an average production efficiency increase of over 0.2% and a reduction of approximately 20% in non-silicon costs [1] - The company is also advancing its TBC battery technology, with laboratory efficiencies reaching 32.08%, positioning it as a leader in the industry [2]