DHI(SZ:002487) Xin Lang Cai Jing·2026-01-25 00:34Core Viewpoint - The article highlights the strong performance and growth potential of Dajin Heavy Industry, driven by Europe's need to reduce reliance on Russian energy and increase local renewable energy production, with Dajin positioned as a key player in offshore wind infrastructure [1][8]. Group 1: Company Performance - Dajin Heavy Industry has become the number one provider of offshore wind infrastructure in Europe, benefiting from the ongoing development of offshore wind projects [1][10]. - The company's stock has reached historical highs, reflecting the market's confidence in its growth prospects [1][8]. - Dajin's recent innovations, including a multi-purpose transport vessel for wind power equipment, have significantly enhanced its operational efficiency and market position [5][14][15]. Group 2: Financial Outlook - Dajin Heavy Industry's overseas orders have reached 10 billion, with an expected delivery of 400,000 tons by the second quarter of 2027, indicating a strong growth trajectory [7][16]. - Market expectations for Dajin's earnings in the coming year range from 1.7 billion to 2 billion, with a year-on-year growth rate of 40%-50% anticipated [7][16]. - The company is projected to achieve a price-to-earnings ratio of 17-20 times based on its current market capitalization of 33.5 billion [7][16]. Group 3: Legal Issues - Dajin Heavy Industry is currently facing a lawsuit regarding a construction contract dispute, with potential liabilities amounting to 570 million, which is significant compared to its projected net profit [4][13]. - Despite the legal challenges, the company has a history of successfully resolving similar disputes, suggesting a reasonable chance of a favorable outcome [4][13]. - Even in the event of an unfavorable ruling, the financial impact is expected to be one-time and should not affect the company's long-term cash flow or valuation significantly [5][13].