(Yicai) Dec. 20 -- Dajin Heavy Industry's shares jumped after China's biggest private maker of wind turbine foundations said its unit has penned a parts supply deal with a North Sea offshore project developer, four days after announcing a similar order.

Dajin Heavy [SHE: 002487] closed 2.9 percent up at CNY24.13 (USD3.41) a share in Shenzhen today, after soaring by as much as 6.6 percent in the morning trading session.

Penglai Dajin Offshore Heavy Industry will supply single piles worth more than CNY1.3 billion (USD183.4 million) to the European buyer, with production and deliveries to gradually start from 2025, its Beijing-based parent company announced today.

The value of the deal is the equivalent of more than a quarter of Dajin Heavy's annual revenue and is likely to positively impact its overseas market expansion and performance, the firm added.

The deal locks in capacity to ensure the supply of single piles for the project and marks the recognition of Dajin Heavy's products by leading offshore wind power developers in Europe, it said. The client is a new customer, Dajin Heavy added, without disclosing further details.

Penglai Dajin Offshore and the developer of Germany's biggest offshore wind farm project recently re-signed a supply deal first inked in May, Dajin Heavy said on Dec. 17. The new deal raises the value of the products supplied to EUR626 million (USD686.8 million) from EUR547 million, with the unit upgraded to an exclusive supplier from a preferred supplier, it noted.

Editor: Martin Kadiev