Dajin Heavy bags 6.17b yuan in overseas orders

Marking a pivotal shift from basic manufacturing to high-end maritime engineering, China's offshore equipment sector is rapidly cementing its indispensable role in the global green energy supply chain.

This accelerating trajectory was underscored on Sunday, as Dajin Heavy Industry Co Ltd announced that its subsidiary has secured a $156 million shipbuilding contract with a subsidiary of the renowned Dutch shipowner Jumbo Maritime.

According to the corporate filing, Dajin Heavy Industry will be responsible for the overall design, construction and delivery of two 25,000 DWT (dead-weight tonnage) vessels, bringing a new generation of green, smart and multi-purpose heavy lift ships to the European market.

Scheduled for phased delivery in 2028 and 2029, the ships will feature high-end heavy-duty cranes. A single crane boasts a rated lifting capacity of 1,200 metric tons, while dual cranes operating in tandem can achieve a maximum lifting capacity of 2,400 tons.

Characterized by their massive load capacity, robust lifting capabilities and energy efficiency, the vessels are extensively suited for multiscenario operations, including the transport of heavy offshore wind power equipment and deep-sea engineering construction, it said.

Remarkably, this marks Dajin Heavy Industry's fourth major overseas order secured within a single month, bringing its recent cumulative contract value to approximately 6.17 billion yuan ($908.8 million), with all delivery windows firmly locked between 2028 and 2029.

The company said this heavy lift vessel contract represents another mainstream core vessel type achieved in the high-end offshore vessel sector, following its successful development of deck carriers and non-propelled semi-submersible barges.

This milestone further perfects the company's full-spectrum layout of offshore vessel manufacturing, solidifying the foundation of its shipbuilding business, it said.

Since its establishment in 2000, Dajin Heavy Industry has deeply engaged in wind power steel structure manufacturing. Its product line encompasses core equipment such as offshore wind monopile foundations, transition pieces, jackets, floating foundations and towers, offering clients comprehensive one-stop solutions.

The company's robust financial performance mirrors its overseas success. In 2025, Dajin reported revenue of 6.17 billion yuan, a year-on-year surge of 63.34 percent, with net profit reaching 1.1 billion yuan.

Overseas revenue hit 4.59 billion yuan, climbing 165 percent and accounting for 74.46 percent of total revenue. By the end of 2025, cumulative overseas orders exceeded 10 billion yuan, covering key European offshore wind regions. This high-growth trajectory persisted into the first quarter of 2026, generating revenue of 1.9 billion yuan, a 67.17 percent increase.

Dajin's momentum is a microcosm of China's broader renewable energy footprint.

According to Qin Haiyan, secretary-general of the Chinese Wind Energy Association (CWEA) under the China Renewable Energy Society, China exported approximately 8 million kilowatts of wind turbine capacity in 2025, jumping about 50 percent year-on-year to hit a record high.

By the end of 2025, China's cumulative wind turbine export capacity surpassed 28 million kW, a 13-fold increase over the past decade. Exported to over 60 countries and regions — including Vietnam, Saudi Arabia, Egypt and Brazil — Chinese innovation has been a driving force behind a 60 percent reduction in global wind power costs over the last 10 years, cementing the nation's vital role in the global green energy transition, he said.

zhengxin@chinadaily.com.cn