Hainan Drinda New Energy Technology Stock Forum

Analysts downgrade Hainan Drinda New Energy Technology due to lower earnings per share estimates and expected business decline. The company's growth is slower than industry peers, with potential financial issues like dilutive stock issuance.

Hainan Drinda's high ROE may be inflated by substantial debt, potentially misleading about the firm's returns. A high ROE without debt indicates a high-quality business. Between two firms with equal ROE, the less indebted one is usually favored.

Core points
1. TOPCon battery supply situation: The current supply is very tight. The leading takeaway company Jietai has a monthly production capacity of about 600MW, and other companies have a small takeaway production capacity in March. The battery supply of TOPCon is expected to remain tight for 2023.
2. TOPCon battery premium: TOPCon battery companies currently have strong bargaining power, and component companies passively acce...