HK Stock Market Move | Dajin Heavy Industry (01081) fell over 6% again, hitting a new post-listing low; the stock has pulled back more than 30% over the past five trading days.

Dajin Heavy Industry (01081) fell over 6% again, touching HK$22.5 to hit a new post-listing low. As of press time, it was down 6.56% at HK$22.5, with a turnover of HK$105 million. On the news front, a "false anti-dumping and anti-subsidy rumor" last Friday dealt a heavy blow to Dajin Heavy Industry, sending its share price plunging nearly 16% in a single day, after which the stock continued to decline, pulling back more than 30% over the past five trading days. It is understood that this rumor was actually an old news story about an EU anti-dumping investigation from 2020 being republished as current news. Citi said that the European market is crucial to Dajin Heavy Industry, and it is estimated that 68.8% of its 2025 revenue will come from the European market. However, the bank noted that according to the wind power association, given Europe's current supply shortage, the likelihood of Europe imposing an import ban on Chinese wind power equipment is not high. From a financial perspective, in the second quarter of this year, Dajin Heavy Industry's performance declined both year-on-year and quarter-on-quarter, with revenue of RMB 1.346 billion, down 20.87% year-on-year and down 29.44% quarter-on-quarter; net profit attributable to shareholders was RMB 166 million, down 47.42% year-on-year and down 61.82% quarter-on-quarter; mainly attributable to the shipping schedule causing some delivered offshore engineering products to fail to be recognized as revenue in time, as well as the impact of exchange losses.