Dajin Heavy Industry Co.,Ltd. (01081) is conducting its share offering from May 28 to June 2, planning to issue 86.966 million H-shares.
10% of the shares are being offered to the Hong Kong public at an issue price of HK$66.40 per share, with a board lot of 100 shares, resulting in an entry cost of HK$6,707 per lot.
The H-shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on June 5, 2026, with Huatai International and China Merchants Securities International acting as joint sponsors.
Market data indicates that as of June 1, the public offering portion has recorded HK$10.7 billion in margin financing subscriptions.
Against a public fundraising target of HK$580 million, this represents an oversubscription of 17.4 times.
According to its prospectus, DAJIN is a globally leading supplier of core equipment for offshore wind power, with nearly two decades of experience in the wind power industry.
It provides large global offshore wind power developers with a one-stop solution encompassing the construction, transportation, and delivery of wind power foundation equipment.
The company has strategically positioned itself in the global deep-sea wind power market, focusing on mainstream offshore wind markets with high technical standards, quality requirements, and commercial potential.
Its core business covers the R&D and manufacturing of offshore wind power foundation equipment, specialized ocean transport, ship design and construction, wind and photovoltaic power generation, and wind power port operations.
It is driving an effective transition from a product supplier to a systems service provider, offering its "Dajin Solution" for the global development of green energy such as wind and photovoltaic power.
During the track record period, the company's revenue primarily came from wind power equipment manufacturing and sales, as well as wind and photovoltaic power generation, with limited revenue from wind power port operations.
It did not generate revenue from ship design and construction during this period.
Revenue from product deliveries was classified as part of the revenue from manufacturing and selling wind power equipment, and the company did not generate revenue from its specialized ocean transport business.
According to Frost & Sullivan data, based on monopile sales value in the first half of 2025, the company was the top-ranked supplier of offshore wind power foundation equipment in the European market.
Its market share grew from 18.5% in 2024 to 29.1% in the first half of 2025.
Furthermore, as of June 30, 2025, based on a review of publicly disclosed documents of several competitors with similar product delivery profiles, DAJIN is the only supplier in the Asia-Pacific region to have achieved batch deliveries of monopiles to Europe.
According to the same data source, based on sales value, the company ranked fifth among Chinese wind tower suppliers in the first half of 2025 with a 2.4% market share, and ranked third in 2024 with a 4.4% market share.
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