Movement Alert｜DAJIN Intraday Rise 5.83% in Regular Trading, Q3 Results and Proposed H-Share Buyback Support Sentiment

Market Focus10:01

On October 27, DAJIN rose 5.83% in regular trading, with shares at HK$24.1 and turnover of HK$25.08 million.

The move followed the company’s latest quarterly disclosure and a proposal to repurchase up to 10.00% of its issued H shares.

For the first nine months, DAJIN reported net profit of RMB710 million, down 19.97% year on year, while operating cash flow reached RMB2.043 billion, up 35.39%. Third-quarter revenue was RMB1.111 billion, down 36.68%, and third-quarter net profit was RMB110 million, down 67.85%. Management said the period also showed progress in its integrated offshore wind delivery model, including record export offshore engineering deliveries for the period, initial shipments from the Caofeidian base, full deployment of three KING series transport vessels, and a signed design contract for an offshore wind installation vessel.

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