en.Wedoany.com Reported - China's Dajin Heavy Industry, a leading wind power equipment manufacturer crossing over to become a "new star" in shipbuilding, is accelerating its international capital layout and will list on the Main Board of the Hong Kong Stock Exchange.
On May 6, Dajin Heavy Industry Co., Ltd. announced that the company is proceeding with the relevant work for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The Listing Committee of the Hong Kong Stock Exchange held a listing hearing on April 30 to review the company's application for this issuance and listing. The joint sponsors for Dajin Heavy Industry's issuance and listing received a letter from the Hong Kong Stock Exchange on May 4, which stated that the Listing Committee of the Hong Kong Stock Exchange has reviewed the company's listing application. However, this letter does not constitute formal listing approval, and the Hong Kong Stock Exchange still has the right to raise further comments on the company's listing application.
Dajin Heavy Industry's issuance and listing are still subject to approval and clearance from relevant regulatory bodies and stock exchanges, including the Securities and Futures Commission of Hong Kong and the Hong Kong Stock Exchange, and must also consider market conditions and other factors before implementation. This matter still involves uncertainty. The company will fulfill its information disclosure obligations in a timely manner according to the progress of this matter.
It is understood that to further consolidate its global strategic layout, connect the entire process of "R&D, manufacturing, shipping, and delivery" for the company's offshore engineering business both domestically and overseas, and enhance its comprehensive competitiveness in the international market, thereby meeting the continuous development needs of its overseas business and the requirements for quality and efficiency improvement, Dajin Heavy Industry plans to issue overseas listed foreign shares (H shares) and list on the Main Board of the Hong Kong Stock Exchange. The issuance scale will not exceed 15% of the total share capital after the issuance. After deducting relevant issuance expenses, the raised funds will be fully used for the company's business development, including but not limited to cutting-edge technological innovation and product R&D and capacity expansion in the global offshore engineering sector, expansion of global markets and business, strategic investments and acquisitions, and the construction of new energy projects.
On September 29, 2025, Dajin Heavy Industry submitted its application for the issuance and listing of overseas listed shares (H shares) to the Hong Kong Stock Exchange and published the application materials. In October of the same year, the China Securities Regulatory Commission accepted the filing application materials submitted by Dajin Heavy Industry regarding the issuance of overseas listed shares (H shares).
Dajin Heavy Industry received the "Notice on the Overseas Issuance and Listing Filing of Dajin Heavy Industry Co., Ltd." issued by the China Securities Regulatory Commission in March 2026, and submitted an updated application for this issuance and listing to the Hong Kong Stock Exchange on April 8, 2026.
It is understood that Dajin Heavy Industry was founded in 2000 and listed on the Main Board of the Shenzhen Stock Exchange in 2010, becoming the first listed company in China's wind power tower industry. After 20 years of deep cultivation in the industry, Dajin Heavy Industry has firmly established itself in the pioneer echelon of the global wind power equipment manufacturing industry. The company's main products include: full series of towers, transition pieces, foundation sections, large pipe piles, deep-sea jacket foundations, floating foundations, and offshore substations for both offshore and onshore wind power.
Currently, Dajin Heavy Industry's products and services are gradually extending from offshore wind power foundation equipment manufacturing to areas such as ocean-going specialized transportation, ship design and construction, and wind power mother port operations, and it is further laying out the development and operation of new energy businesses. This has achieved a transformation and upgrade from a product supplier to a system service provider, meeting customers' one-stop and diversified needs.
Last month, Dajin Heavy Industry officially announced the signing of construction contracts for eight 210,000 deadweight ton bulk carriers with two European shipowners. Among them, Seatankers Management, a subsidiary of Norwegian shipping magnate John Fredriksen, ordered four vessels for a total amount of approximately USD 294 million (equivalent to approximately RMB 2.018 billion). The other four were ordered by the US-listed Greek shipowner Danaos for a total amount of approximately USD 297 million (equivalent to approximately RMB 2.040 billion).
It is worth mentioning that, in addition to the bulk carrier orders, Seatankers is reportedly in preliminary agreement with Dajin Heavy Industry to order 2+2 VLCCs. If these VLCC orders are finalized, this would be Dajin Heavy Industry's first construction of oil tankers, setting a new shipbuilding record for the yard.
These bulk carrier orders mark Dajin Heavy Industry's first foray into the mainstream commercial shipbuilding market and are the largest vessels built by Dajin Heavy Industry to date. The new ships will be built by Dajin Heavy Industry's subsidiary, Panjin Dajin.
As an important base under Dajin Heavy Industry, Panjin Dajin is located on Xiuye Road, Liaobin Coastal Economic and Technological Development Zone, Panjin City, Liaoning Province. Covering an area of approximately 1,500 mu, it is positioned as a super-large international comprehensive wind power offshore engineering base targeting the global market, integrating wind power offshore equipment manufacturing with wind power mother port functions. Its main products cover a full range of wind power offshore engineering equipment such as offshore wind turbine towers, pipe piles, jacket foundations, and floating foundations, with an annual production capacity of 500,000 tons.
Clarksons data shows that as of now, Panjin Dajin's orderbook totals 13 vessels with 1.915 million deadweight tons, including eight 210,000 dwt Newcastlemax bulk carriers and five deck transport vessels, with delivery dates extending to 2029.
In the first quarter of this year, Dajin Heavy Industry achieved total operating revenue of RMB 1.907 billion, a year-on-year increase of 67.17%; net profit attributable to the parent company was RMB 435 million, a year-on-year increase of 88.19%; net profit after deducting non-recurring items was RMB 427 million, a year-on-year increase of 73.86%; net cash flow from operating activities was RMB 438 million, compared to -RMB 278 million in the same period last year.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
