Dajin Heavy Industry Co., Ltd. (01081.HK) has launched its Hong Kong IPO. The offering period runs from May 28 to June 2, 2026. The company plans to globally offer approximately 86,965,800 H shares, subject to an approximately 15% over-allotment option and an offer size adjustment option. The maximum offer price is HK$66.40 per share, with a board lot size of 100 shares and an entry fee of approximately HK$6,706.97. The shares are expected to be listed on the Main Board of the Stock Exchange of Hong Kong on June 5, 2026. China International Capital Corporation and Ping An Securities (Hong Kong) are acting as joint sponsors.

Dajin Heavy Industry: Europe’s Largest Offshore Wind Foundation Equipment Supplier by Market Share

Offering structure: Hong Kong public offering approximately 10% (8,696,600 shares), international placing approximately 90% (78,269,200 shares).

Offer price: Maximum offer price of HK$66.40 per share; board lot size of 100 shares; entry fee of approximately HK$6,706.97.

Offering period: May 28, 2026 – June 2, 2026 (expected pricing date: June 3, 2026).

Listing date: June 5, 2026.

IPO sponsors: Huatai Financial Holdings (Hong Kong) Limited, China Merchants Securities (HK) Co., Limited and CCB International Capital Limited.

Company Overview

Dajin Heavy Industry Co., Ltd. has been deeply engaged in the wind power industry for nearly two decades, providing global large-scale offshore wind developers with integrated “manufacturing + transportation + delivery” solutions for wind power foundation equipment. Its core businesses cover offshore wind equipment R&D and manufacturing, ocean-going specialized transportation, vessel design and construction, wind and solar power generation, and wind power port operations. According to Frost & Sullivan, based on monopile sales revenue in the first half of 2025, the company ranked No. 1 in the European market among offshore wind foundation equipment suppliers, with market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025. As of June 30, 2025, the company was the only supplier in the Asia-Pacific region to achieve large-scale delivery of monopiles to Europe.

Financial Information

According to the prospectus, Dajin Heavy Industry recorded revenue of approximately RMB 4.325 billion, RMB 3.780 billion, and RMB 6.174 billion in 2023, 2024, and 2025, respectively. Net profit for the same periods was approximately RMB 425 million, RMB 474 million, and RMB 1.103 billion, respectively, representing a 132.9% year-on-year increase in 2025. Based on the maximum offer price of HK$66.40 per share, assuming the offer size adjustment option and over-allotment option are not exercised, the company expects net proceeds of approximately HK$5.617 billion. The proceeds are intended to be used for upgrading integrated solutions for deep-sea offshore wind projects (approximately 55%), investment in and construction of a European assembly base (approximately 20%), establishment of a global R&D center (approximately 10%), expansion into new overseas markets (approximately 5%), and general working capital purposes (approximately 10%).

uSMART launches “HK IPO Fee-Waiver Offer” – subscribe to new shares at zero cost

Margin subscription: 0 % interest, leverage up to 10×

Cash subscription: HK$0 handling fee

Grey-market trading supported

* 0 % interest applies to margin subscription amounts of HK$20 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 5 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for Dajin Heavy Industry via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select Dajin Heavy Industry, tap "Public Offer," enter your subscription quantity, and submit your order.

(Image source: uSMART HK App)