What changed in overseas deliveries?

  • In the first three quarters of 2026, Dajin Heavy Industry delivered nearly 150 thousand tonnes of high-value-added offshore products to overseas markets, its best performance for the same period on record. These mainly included core products such as monopiles and offshore wind towers exported to Europe.
  • Poland’s BC Wind and Germany’s Nordseecluster B projects have recently entered the bulk shipment phase in succession, providing specific project support for overseas product deliveries.

How did delivery growth affect profitability?

  • In the first three quarters, the company’s gross margin rose from 31.1% in the same period a year earlier to 35.6%, an increase of 4.5 percentage points.
  • Excluding the impact of exchange rates, the company’s net profit for the first three quarters was approximately 860 million yuan, up approximately 6% year on year. This measure of profit and the gross margin metric should be considered separately.

What link remains to be added to integrated delivery?

  • The company is shifting from a standalone equipment manufacturer to an integrated delivery provider covering manufacturing, transportation, home-port operations and installation. All three independently designed and built KING-series special-purpose transport vessels, each in the 40 thousand-tonne class, are now in service transporting cargo for overseas projects; the higher-capacity EMPEROR-series heavy transport vessels are under construction.
  • The company already has capabilities in manufacturing extra-large foundations, operating its own special-purpose transport vessels and running a home port. The design contract signed in September for an installation vessel in the 8000-tonne class covers a vessel suited to lifting foundations for 15–30 MW wind turbines. Only once installation capability is added can the company establish its planned end-to-end delivery loop.