Dajin Heavy Industry (002487) Q2 2026 earnings summary

Executive summary

• Revenue reached ¥3.25 billion, up 14.48% year-over-year, with net profit at ¥601 million, a 9.89% increase, both setting historical highs for the period.

• Export revenue accounted for 82.25% of total, up 3.3 percentage points, driven by offshore wind equipment deliveries to Europe.

• The company accelerated its transformation from a single equipment manufacturer to an integrated service provider, expanding in manufacturing, shipping, and port operations.

Financial highlights

• Operating cash flow surged 544.06% year-over-year to ¥1.53 billion, mainly due to increased sales receipts and reduced procurement payments.

• Gross margin for wind power equipment was 35.90%, and for new energy power generation 60.56%.

• Total assets rose 49.79% from year-end to ¥21.71 billion, with net assets attributable to shareholders up 74.36% to ¥14.44 billion.

• Basic and diluted EPS were both ¥0.94, up 9.30% year-over-year.

• R&D investment nearly doubled year-over-year to ¥148 million, reflecting increased overseas business development.

Outlook and guidance

• The company expects continued growth in offshore wind demand, especially in Europe, with a focus on deep-sea and large-scale wind projects.

• Strategic expansion of overseas bases and logistics networks is planned to support global market coverage.