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Leading Chinese maker of wind turbine towers and offshore monopile foundations for wind farm developers.
Leading Chinese maker of wind turbine towers and offshore monopile foundations for wind farm developers.
Sells towers and foundations made to each wind-farm project's design and shipped to site, with price tied closely to steel cost, so profit depends on passing steel costs on and on plant utilisation. Orders come from turbine makers such as Goldwind and Envision and from export customers, shipped out directly from coastal yards.
Moat: narrow (scale, process know-how, distribution). Large-diameter steel fabrication and coastal port access are capital-intensive barriers few rivals match.
Headquarters: Fushun, Liaoning, China · Founded: 2007 · Employees: 2,303
Size Dajin Heavy Industry (002487.SZ) is a China Industrials company (Electrical Products) with a market value of $3.71B, the 697th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.40 on 6 Nov 2026.
Performance Over six months the shares fell 60.2%, against -22.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 18 in its peer set.
Growth Revenue fell 2.1% over the last twelve months (peer median +29.1%); the operating margin is 18.8% (peer median 9.0%).
Valuation It trades at 19.6× forward earnings against a peer median of 23.5× (8th cheapest of 18).
Capital Return on invested capital runs 1.2 points above its cost of capital (9.3% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.94B | CN¥6.16B | CN¥3.77B | CN¥4.32B | CN¥5.10B |
| Revenue growth | — | +63% | -13% | -15% | — |
| Gross profit | CN¥2.19B | CN¥1.90B | CN¥1.10B | CN¥984M | CN¥830M |
| EBITDA | n/a | CN¥1.34B | CN¥676M | CN¥605M | CN¥525M |
| Net income | CN¥926M | CN¥1.10B | CN¥474M | CN¥425M | CN¥450M |
| Free cash flow | -CN¥1.48B | -CN¥966M | CN¥254M | CN¥415M | -CN¥571M |
| Capital expenditure | CN¥3.25B | CN¥2.20B | CN¥845M | CN¥413M | CN¥686M |
| Total debt | CN¥3.76B | CN¥3.16B | CN¥1.65B | CN¥1.58B | CN¥3.15B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dajin Heavy Industry 002487.SZ | $3.71B | -60% | -2% | 19% | 19.6× | n/a |
| Titan Wind Energy (Suzhou) 002531.SZ | $2.05B | -37% | -1% | 5% | 29.4× | n/a |
| Cswind 112610.KS | $1.52B | -31% | -8% | 7% | 11.6× | -0.5% |
| TSP Wind Power 300129.SZ | $1.10B | -42% | -26% | 1% | 35.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002487.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.3% | -9.4% | 4th lowest of 21 |
| 6-month return | -60.2% | -22.0% | 2nd lowest of 18 |
| Distance from 52-week high | -64.5% | -39.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | -2.1% | +29.1% | 2nd lowest of 20 |
| Operating margin | 18.8% | 9.0% | 4th highest of 21 |
| Forward P/E | 19.6× | 23.5× | 8th cheapest of 18 |
| ROIC minus cost of capital | +1.2 pp | -0.4 pp | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dajin Heavy Industry 002487.SZ | China | $3.71B | -60% | -2% | 19% | 19.6× | n/a | n/a |
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | China | $3.67B | +22% | +16% | 6% | 76.8× | n/a | n/a |
| Hainan Jinpan Smart Technology 688676.SS | China | $3.75B | -38% | +12% | 10% | 29.4× | 28.5% | +24.7% |
| Shanghai Moons Electrical 603728.SS | China | $3.66B | -1% | +22% | 4% | 183.9× | n/a | n/a |
| CALB 3931.HK | Hong Kong | $3.57B | -59% | +80% | 7% | 8.1× | n/a | n/a |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| LS 006260.KS | South Korea | $3.51B | -62% | +30% | 4% | 8.0× | n/a | n/a |
| Sany Renewable Energy 688349.SS | China | $3.50B | -22% | +30% | 2% | 21.7× | n/a | n/a |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| Dhoot Transmission DHOOTTRANS.NS | India | $3.46B | n/a | +31% | 13% | 52.6× | n/a | n/a |
| Luoyang Bearing 301699.SZ | China | $3.45B | n/a | +29% | 11% | n/a | n/a | n/a |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| Taiyo 4626.T | Japan | $3.36B | -5% | +18% | 25% | 17.0× | 5.0% | +11.2% |
| T&S Communications 300570.SZ | China | $3.36B | -25% | +40% | 18% | 47.3× | 43.8% | +21.8% |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Harbin Electric 1133.HK | Hong Kong | $3.27B | -54% | +13% | 7% | 6.2× | n/a | n/a |