Dajin Heavy Industry (01081) saw its share price climb more than 12% in early trading, with the stock up 12.28% at HK$34.20 as of the time of writing, registering a turnover of HK$112 million.
According to the latest analysis from Norwegian consultancy Rystad Energy, the expansion of Europe's offshore wind sector is facing structural supply constraints. Since 2020, the average selling price of offshore wind turbines (measured per MW) has increased by 40%–45%, significantly outpacing the 20%–25% rise in manufacturing costs over the same period.
Additionally, Dajin Heavy Industry has officially commenced operations of its own transport fleet, marking its formal entry into the mainstream commercial shipbuilding market. Since securing its first order in August 2025, the company has accumulated a total of 24 new shipbuilding contracts, with an aggregate contract value of approximately RMB 12 billion.
Huaxi Securities believes the company is well-positioned to capitalize on the development of European offshore wind projects. With multiple upcoming rounds of offshore wind tenders expected to be released, the potential for overseas business growth is likely to expand further. As the company's proprietary fleet gradually becomes operational, its export offshore engineering capacity undergoes a full upgrade, and its overseas home port layout continues to improve—combined with its shipbuilding efforts focused on commercial vessels and offshore engineering ships—Dajin Heavy Industry's competitive barriers are evolving from a "single manufacturing capability" to a fully integrated "manufacturing + transportation + delivery" chain.
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