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.