DAJIN’s 2026 Interim Report: Revenue Up 14.48%, Net Profit Hits RMB 0.60 Billion on Record Overseas Wind Equipment Deliveries

Bulletin Express
Aug 21

DAJIN Heavy Industry Co., Ltd. published its unaudited results for the first six months of 2026, detailing double-digit top-line and bottom-line growth alongside a sharp improvement in operating cash flow.

Revenue and Profitability • Revenue climbed 14.48% year-on-year to RMB 3.25 billion, driven by stronger offshore-wind equipment exports. • Net profit attributable to shareholders rose 9.89% to RMB 0.60 billion; net margin stood at 18.47%. • Basic and diluted EPS both reached RMB 0.94, up from RMB 0.86 a year ago. • Export sales contributed 82.25% of revenue, an increase of 3.3 percentage points.

Cash Flow and Balance Sheet • Net cash from operating activities surged to RMB 1.53 billion (1H 2025: RMB 0.24 billion), reflecting faster collection and lower procurement outflows. • Total assets expanded 49.79% versus end-2025 to RMB 21.71 billion; net assets attributable to shareholders grew 74.36% to RMB 14.44 billion. • The gearing (asset-liability) ratio improved to 33.50%, compared with 42.94% at end-2025.

Segment & Operational Highlights • Wind-power equipment manufacturing: export deliveries approached 120,000 tonnes, the highest first-half volume to date. The new Caofeidian deep-sea facility (annual capacity ≈ 400,000 tonnes) completed its first export monopiles. • Marine transportation: first self-built deck carrier “KING ONE” finished two trans-ocean voyages. Two sister vessels will be delivered by end-2026, underpinning integrated “manufacturing-to-delivery” services. • Shipbuilding: 24 external vessel orders secured (mainly 211,000 DWT bulk carriers and heavy-lift deck carriers) with a total contract value around RMB 12 billion, stretching the orderbook to 2030. • Wind & PV power generation: 500 MW in operation produced 525 million kWh during the period, avoiding roughly 278,600 tonnes of CO₂. Another 950 MW is under construction. • Marshalling ports: four European bases (Germany, Spain, Denmark and another site) now cover North Sea, Baltic and Atlantic offshore-wind corridors.

Dividend Proposal The Board proposes an interim cash dividend of RMB 0.88 per 10 shares (tax inclusive), subject to shareholder approval; expected payment date is on or before 11 November 2026.

Outlook Management will keep its strategic focus on high-spec European offshore-wind markets, accelerate floating-foundation R&D and expand the proprietary heavy-lift fleet, aiming to evolve from component supplier to full-chain offshore-wind solutions provider.

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