Dajin Heavy Industry: The guarantee balance of the company and its subsidiaries has reached 19.345 billion yuan

Radar Finance | Feng Xiuyu Text | Li Yihui

On March 22, Daikin Heavy Industry (Stock Code: 002487) announced that it held a board meeting on January 12, 2026, and an extraordinary shareholders’ meeting on January 30, 2026, during which they approved a proposal for a total guarantee limit of no more than 42.301 billion yuan for the company and its subsidiaries in 2026.

Recently, the company provided joint liability guarantees for multiple banks for its wholly-owned subsidiaries Penglai Daikin Marine Heavy Industry Co., Ltd., Panjin Daikin Marine Engineering Co., Ltd., Zhangjiakou Daikin Wind Power Equipment Co., Ltd., Xing’an League Daikin Heavy Industry Co., Ltd., Tangshan Caofeidian Xianhong Energy Co., Ltd., and Tangshan Caofeidian Xiangling Energy Co., Ltd., with specific guarantee amounts of 300 million yuan, 50 million yuan, 130 million yuan (50 million + 80 million), 50 million yuan, 250 million yuan, and 250 million yuan, respectively.

As of the disclosure date, the guarantee balance for the company and its subsidiaries was 1,934,519.99 ten thousand yuan, with the guarantee balance for the company’s subsidiaries at 1,933,326.35 ten thousand yuan, accounting for 233.49% of the company’s audited net assets in 2025. The company and its subsidiaries have no overdue or litigation-related guarantees.

According to Tianyancha, Daikin Heavy Industry was established on September 22, 2003, with a registered capital of 637.749349 million yuan. The legal representative is Jin Xin, and the registered address is No. 155 Xinqiu Street, Xinqiu District, Fuxin City. Its main business involves manufacturing and selling offshore wind turbine monopile foundations, transition segments, jacket structures, floating foundations, and tower products, providing customers with a one-stop integrated solution for offshore wind equipment—covering construction, transportation, and delivery—capable of meeting diverse offshore wind projects worldwide.

Currently, the company’s chairman is Jin Xin, the secretary is Ge Xin, with 2,303 employees, and the actual controller is Jin Xin.

The company has stakes in 54 subsidiaries, including Tianjin Jinyin Heavy Industry Co., Ltd., Shanxi Jiao Cheng County Jinjin New Energy Co., Ltd., Shanxi Pingyao County Jinjing New Energy Co., Ltd., Shanxi Jinyu New Energy Co., Ltd., and Shanxi Jinjin New Energy Co., Ltd.

In terms of performance, the company’s operating revenue for 2023, 2024, and 2025 was 4.325 billion yuan, 3.78 billion yuan, and 6.174 billion yuan, respectively, with year-over-year growth rates of -15.30%, -12.61%, and 63.34%. Net profit attributable to the parent was 425 million yuan, 474 million yuan, and 1.103 billion yuan, with year-over-year growth rates of -5.58%, 11.46%, and 132.82%. During the same period, the company’s asset-liability ratios were 32.38%, 37.10%, and 42.86%.

Regarding risks, Tianyancha data shows the company has 413 internal Tianyan risks, 96 surrounding risks, 138 historical risks, and 192 warning alert risks.