Dajin Heavy Industry Co., Ltd. (Stock Code: 01081) experienced a significant 5.20% drop in its share price during intraday trading on Friday. The stock, which was making its debut on the Hong Kong Stock Exchange, opened at its listing price but quickly faced selling pressure.

The decline follows reports of weak pre-market, or "grey market," performance, with shares indicated to fall approximately 5% ahead of the official trading session. This pre-market weakness suggested subdued investor sentiment despite the company's successful HK$6.5 billion initial public offering, which attracted prominent cornerstone investors including GIC, Hillhouse Capital affiliates, and Taikang Life Insurance.

Dajin Heavy Industry, a leading Chinese offshore wind power equipment manufacturer, completed its dual primary listing with the Hong Kong debut. While the company reported strong financial performance with revenue surging 67% year-over-year in Q1 2026, the market's initial reaction reflected concerns or profit-taking following the IPO.