GreenergyDaily

Jun. 5, 2026

Shares of Dajin Heavy Industry, a Chinese maker of wind power equipment, ended flat in their Hong Kong trading debut on Friday.

The stock opened flat relative to the offer price at HK$66.4 before slipping to HK$59.05. It last traded at HK$66.4 a share with 17.95 million shares worth HK$1.16 billion changing hands.

Dajin sold 86.97 million shares in its global offering. It exercised an option to increase the deal size by 15%, or 13.04 million shares.

Cornerstone investors took up about HK$2.8 billion of shares, or nearly half of the base offering. They include Singapore's GIC, Hillhouse and UBS Asset Management Singapore.

Dajin plans to use 55% of the proceeds to enhance deep-sea wind power services and 20% to fund the construction of an assembly operation in Europe.

The company, which manufactures offshore wind foundations, towers and related equipment, said it ranked as Europe's largest offshore wind foundation supplier by monopile sales value in the first half of 2025, citing data from consultancy firm Frost & Sullivan.

Dajin reported revenue of 6.17 billion yuan in 2025, up 63.3% from a year earlier, while net profit attributable to shareholders jumped 132.8% to 1.10 billion yuan.