Movement Alert|DAJIN Falls 5.18% in Regular Trading, Pulling Back After EU Anti-Dumping Rumor Clarification Rally

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Yesterday

On October 13, DAJIN fell 5.18% in regular trading to 28.26 HKD, with turnover of 56.47 million HKD. The decline marks a technical pullback after a strong rebound driven by the company's clarification that reports of EU anti-dumping and countervailing duty investigations into Chinese wind power equipment were untrue.

Earlier, the unfounded rumor triggered a sharp sell-off, with the stock plunging nearly 16% on October 9. Following official confirmation from DAJIN that no such probe was announced, and a buy rating from Citi with a 43 HKD target price, shares recovered strongly. Citi estimates 68.8% of DAJIN's 2025 revenue will come from Europe and expects new order recovery in the first half of 2027. Within the Heavy Electrical Equipment sector, Shanghai Electric fell 1.62%, Harbin Electric fell 3.54%, and Goldwind fell 2.88%.

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