New stock news | Dajin Heavy Industry (01081) oversubscribed by 17.4 times with a first-hand entry fee of HKD 6,707.

Dajin Heavy Industry (01081) conducted its IPO from May 28th to June 2nd, planning to issue 86.966 million H shares. Ten percent will be offered for public subscription in Hong Kong, with the offer price set at HK$66.40 per share. Each board lot consists of 100 shares, with an entry fee of HK$6,707. It is expected that trading of the H shares will begin on the Hong Kong Stock Exchange on June 5th, 2026 at 9:00 AM. Huatai International and CMSC International are the joint sponsors. As of June 1st, market data showed that there were HK$10.7 billion in public subscriptions, exceeding the target of HK$580 million by 17.4 times. According to the prospectus, Dajin Heavy Industry is a leading global supplier of core equipment for offshore wind power. With nearly twenty years of experience in the wind power industry, the company provides a one-stop solution for the construction, transportation, and delivery of wind power equipment for global large-scale offshore wind farm developers. The company strategically focuses on the global deep-sea wind power market, targeting mainstream offshore wind markets that demand high technological standards, quality requirements, and significant commercial potential. Its core business includes R&D and manufacturing of offshore wind power equipment, deep-sea specialized transportation, ship design and construction, wind and solar power generation, and wind power port operation. The company is transitioning from a product supplier to a system service provider, offering comprehensive solutions for global green energy development. During the historical period, the company's revenue mainly came from the manufacturing and sales of wind power equipment, as well as limited revenue from wind and solar power generation and wind power port operations. Revenue from product deliveries was classified as part of revenue from manufacturing and selling wind power equipment, and the company did not generate revenue from ship design and construction. Based on Frost & Sullivan data, the company was the number one supplier of offshore wind power equipment in the European market in the first half of 2025 based on sales of monopiles, with a market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025. Furthermore, as of June 30, 2025, the company was the only supplier in the Asia-Pacific region capable of bulk delivery of monopiles to Europe. According to the same data source, the company ranked fifth in the Chinese wind tower supplier market with a market share of 2.4% in the first half of 2025, and ranked third in 2024 with 4.4% market share.