Shares of Dajin Heavy Industry Co.,Ltd. (ASX: 01081) have experienced a significant decline, dropping more than 8% and accumulating a loss exceeding 20% since its inclusion in the Stock Connect scheme.
At the time of writing, the stock was down 7.57% to HK$47, with a turnover of HK$34.531 million.
The company recently announced that, in accordance with relevant regulations, its H-shares will be included in the list of securities eligible for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively referred to as "Hong Kong Stock Connect"), effective from July 3, 2026.
According to its prospectus, Dajin Heavy Industry is a globally leading supplier of core offshore wind power equipment. With nearly two decades of experience in the wind power industry, it provides large global offshore wind developers with a one-stop "construction + transportation + delivery" solution for wind power foundation equipment.
Data from Frost & Sullivan indicates that based on sales value for monopiles in the first half of 2025, Dajin Heavy Industry was the top-ranked supplier of offshore wind foundation equipment in the European market, with its market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025.
Analysts have previously highlighted that Dajin Heavy Industry's overseas revenue is primarily derived from the European market, resulting in a relatively high degree of customer concentration. Furthermore, projects delivered under the DAP (Delivered at Place) model involve longer execution and service cycles, which impose higher demands on working capital and introduce potential volatility risks.
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