HK Stock Market Move | Dajin Heavy Industry (01081) plunged sharply from a high, with the decline widening to over 13% in the afternoon; the company's A-shares hit the limit down.

Dajin Heavy Industry (01081) plunged sharply from a high today, with the decline widening to over 13% in the afternoon. The stock had risen nearly 30% at its peak over the past month. The company's A-shares hit the limit down in the afternoon. As of press time, it fell 13% to HK$30.12, with a turnover of HK$288 million. On the news front, Dajin Heavy Industry's revenue is highly concentrated in the European market. In its previous Hong Kong IPO prospectus, it disclosed that during the track record period, revenue from the European market accounted for more than half of the company's total revenue. Notably, this morning media reports emerged regarding the EU's "double anti" measures on Chinese wind power. It is understood that the EU's anti-dumping duties on Chinese wind turbine towers are an existing measure that has been in effect since December 2021. In the second quarter of this year, Dajin Heavy Industry's performance declined both year-on-year and quarter-on-quarter, mainly attributable to the shipping schedule causing some delivered offshore engineering products to fail to be recognized as revenue in time, as well as the impact of foreign exchange losses. JPMorgan's previous research report pointed out that although the downward revision of earnings forecasts led to a significant pullback in the stock price since mid-2026, as headwinds in exchange rates and logistics subside and European order growth reaccelerates, the company's earnings are expected to rebound in 2027.