(Yicai) March 24 -- Shares of Dajin Heavy Industry rose after the Chinese supplier of structural components for offshore wind projects secured a USD135 million order from a European offshore wind farm.

Dajin Heavy [SHE: 002487] was trading up 2.4 percent at CNY24.13 (USD3.32) as of lunch break in Shenzhen today.

Dajin Heavy's subsidiary Penglai Dajin Ocean Heavy Industry will make super-large monopiles and supply them to a European developer of offshore wind projects, the Beijing-based parent company announced yesterday. The delivery is expected to be completed by the end of next year.

The order value equals nearly 23 percent of the firm's audited operating revenue in 2023, Dajin Heavy noted, without revealing the client's name, just mentioning that it is a global energy leader.

Dajin Heavy is one of the few global marine engineering suppliers with end-to-end delivery capabilities and a top-tier provider in the European market. Its client portfolio, project volume, and delivery regions are constantly expanding.

Dajin Heavy has secured several big orders from European offshore wind projects since 2022, including the Dogger Bank Wind Farm off the East coast of Yorkshire in the UK, the Ile D'Yeu et Noirmoutier in the Bay of Biscay France, and the Moray West Offshore Wind Farm Project in northeastern Scotland in the UK.

Editor: Futura Costaglione