Shares of offshore wind power equipment leader Dajin Heavy Industry Co.,Ltd. (01081) have declined by over 5% on their second day of trading in Hong Kong, falling below the initial public offering price.

The stock, which closed flat on its debut, is currently down 5.42% at HK$62.8, with a trading volume of HK$160 million.

The company officially commenced trading on the Main Board of the Hong Kong Stock Exchange on June 5. It was first listed on the Shenzhen Stock Exchange in 2010, becoming the first wind power tower and pile manufacturer to list on China's A-share market.

The company focuses on overseas markets and offshore wind power, positioning itself in the global deep-water wind power sector. It is the sole supplier in the Asia-Pacific region capable of delivering monopiles in bulk to Europe.

According to a report by Frost & Sullivan, the company ranked first among offshore wind power foundation equipment suppliers in the European market by sales value in the first half of 2025.

Analysts have previously noted the company's high reliance on the European market for its overseas revenue, leading to significant customer concentration. Projects delivered under Delivered at Place (DAP) terms involve extended execution and service cycles, demanding substantial working capital and carrying volatility risks. Furthermore, geopolitical factors present potential risks to maritime transportation.