Dajin Heavy Industry Plummets Over 17%, Hitting New Record Low Since IPO

Stock News07-17 15:36

Shares of Dajin Heavy Industry Co.,Ltd. (ASX: 01081) experienced a sharp decline of over 16%, hitting a new low of HK$31.3 since its listing. The stock price has now halved compared to its IPO price just over a month after debuting on June 5th.

As of the latest update, the stock was down 17.03%, trading at HK$31.56 with a turnover of HK$75.63 million.

About the company's business

The company focuses on overseas markets and offshore wind power, positioning itself in the global deep-sea wind power market. It is reported to be the only supplier in the Asia-Pacific region capable of batch-delivering monopiles to Europe.

According to market research, the company ranked as the top supplier of offshore wind power foundation equipment in the European market by sales value in the first half of 2025.

Noted risks from analysts

Analysts have previously highlighted several risks. The company's overseas revenue is heavily concentrated in the European market, leading to high customer concentration. Projects delivered under the Delivered at Place (DAP) model have long execution and service cycles, demanding significant working capital and carrying volatility risks. Furthermore, geopolitical factors pose potential risks to maritime transportation.

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