New stock news | Dajin Heavy Industry (002487.SZ) HK IPO approved by China Securities Regulatory Commission.

On April 10th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Application for Dajin Heavy Industry Co., Ltd." Dajin Heavy Industry (002487.SZ) plans to issue no more than 129,425,600 shares of ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. The prospectus shows that Dajin Heavy Industry is a core equipment supplier for offshore wind power, providing a one-stop solution for the construction, transportation, and delivery of wind power foundation equipment to global large-scale offshore wind power developers. The company's core business covers the research and development, manufacturing of offshore wind power foundation equipment, deep-sea specialized transportation, ship design and construction, new energy development and operation, and wind power port operation. In the previous reporting period, the company's revenue mainly came from the manufacturing and sales of wind power equipment, as well as the development and operation of new energy, with limited revenue generated from wind power port operation and no revenue generated from ship design and construction. Revenue from product delivery is classified as part of the revenue from manufacturing and selling wind power equipment, with no revenue generated from deep-sea specialized transportation business. According to Frost & Sullivan data, based on sales of monopiles in the first half of 2025, the company is the top offshore wind power foundation equipment supplier in the European market, with market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025. According to the same data source, based on sales amount, the company ranked fifth in the Chinese tower supplier market with a market share of 2.4% in the first half of 2025 and ranked third with a market share of 4.4% in 2024.