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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Dajin Heavy Industry
Dajin Heavy Industry (002487) investor relations material
Dajin Heavy Industry Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
9M revenue was CNY 4,363,259,360.06, down 5.05% YoY; attributable net income was CNY 710,115,290.27, down 19.97%. Excluding FX effects, net income was ~CNY 860m, up ~6% YoY.
9M gross margin rose to 35.6% from 31.1%; operating cash flow increased 35.39% YoY to CNY 2,043,083,024.04.
Financial highlights
Q3 revenue was CNY 1,110,744,168.47, down 36.68% YoY; attributable net income was CNY 109,548,288.35, down 67.85%.
Q3 adjusted net income was CNY 102,595,499.74, down 69.19% YoY; 9M adjusted net income was CNY 691,137,219.38, down 22.85%.
9M net income fell mainly due to a temporary decline in quarterly deliveries and differences in order mix; FX fluctuations also weighed on reported profit.
9M total comprehensive income was CNY 688,589,140.47, versus CNY 886,845,128.67 a year earlier; reported net income was CNY 710,115,290.27.
Outlook and guidance
Strategic shift toward integrated offshore wind foundation delivery spanning manufacturing, transport, mother-port operations and installation; installation vessel development is intended to complete the delivery chain.
ULSTEIN HX122 with U-STERN® design targets 15–30MW offshore turbines; planned vessel specifications include an 8,000-tonne main crane and installation of monopiles up to 4,600 tonnes.
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Latest events from Dajin Heavy Industry
- Revenue and net profit hit record highs, fueled by offshore wind exports and capacity expansion.002487
Q2 2026 - Revenue and profit fell, but overseas offshore wind drove margin and cash flow gains.002487Q2 2024
- Net profit surged 214% year-over-year on booming offshore wind exports and global expansion.002487Q2 2025
- Offshore engineering led growth as revenue and profit fell, but margins and cash flow improved.002487Q3 2024
- Net profit grew 11.46% to ¥473.87 million as export marine engineering drove margin gains.002487Q4 2024
- Record Q1 profit driven by export marine engineering growth and improved margins.002487Q1 2025
- Net profit soared 133% year-over-year as export-driven growth and strategic upgrades accelerated.002487Q4 2025
- Q3 net profit soared 215% year-over-year, with record margins and strong export-driven growth.002487Q3 2025
- Q1 revenue and profit soared on overseas growth, with H-share listing and dividend payout completed.002487Q1 2026
Next Dajin Heavy Industry earnings date
Q4 202631 Mar, 2027
Dajin Heavy Industry
Next Dajin Heavy Industry earnings date
Q4 202631 Mar, 2027
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