HK Stock Market Move | Dajin Heavy Industry (01081) falls over 7% again. Wind power companies deny EU anti-dumping and anti-subsidy rumors. The company's European revenue accounts for nearly 70%.
Dajin Heavy Industry (01081) fell over 7% again. As of press time, it was down 6.64% at HK$28.1, with a turnover of HK$75.4838 million.
Dajin Heavy Industry (01081) fell over 7% again. As of press time, it was down 6.64% at HK$28.1, with a turnover of HK$75.4838 million.
On the news front, market rumors recently circulated that the European Commission had decided to launch anti-dumping and anti-subsidy investigations into wind turbine towers and key structural components originating from China. According to Cailian Press, a wind power company told reporters that the above rumors are untrue. The rumor actually repackaged an old EU anti-dumping investigation from 2020 as new news, deliberately blurring the timeline and presenting trade measures that had long been implemented as a newly launched EU investigation, which could easily mislead investors.
Citi said that market concerns that the EU may ban imports of Chinese wind power equipment due to national security threats caused Dajin Heavy Industry's share price to fall 16% on October 9. The European market is crucial to Dajin Heavy Industry, and 68.8% of its 2025 revenue is expected to come from the European market. According to the wind power association, due to the current supply shortage in Europe, the possibility of Europe imposing an import ban on Chinese wind power equipment is not high.
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