(Yicai) Sept. 24 -- Dajin Heavy Industry's shares jumped after China's biggest private maker of wind turbine foundations said its unit has inked a EUR46 million (USD51.1 million) deal to supply parts to a Baltic Sea project developer.

Dajin Heavy [SHE: 002487] rose 4.3 percent to CNY18.10 (USD2.57) a share as of lunch break in Shenzhen today.

Penglai Dajin Ocean Heavy Industry will supply 10 super-large offshore wind monopiles to a major European offshore engineering firm, Beijing-based Dajin Heavy announced today. Deliveries are scheduled to be completed within the next year, it added.

The project's owner is one of the world's top five energy firms, which "has not engaged in similar deals with the company in the past three years," Penglai Dajin noted, without disclosing further details.

"The signing of this contract demonstrates the project developer's high recognition of Dajin Heavy's previous high-quality deliveries of wind farm parts for multiple European offshore projects," the Chinese firm said. "The deal will likely positively impact the company's financial performance next year," it noted.

Dajin Heavy has landed several big orders from European clients for offshore wind projects since 2022, including the Dogger Bank Wind Farm in the UK and NOY - Ile D'Yeu et Noirmoutier in France. It has also supplied monopiles with diameters of up to 10 meters for the UK's Moray West Offshore Wind Farm project.

Editor: Martin Kadiev