Dashin Heavy Industries Stock Price Fluctuation Clarification on UK Tariff Adjustment Impact

After the stock price hit the daily limit for two consecutive trading days, Daikin Heavy Industry (002487) issued a sudden movement announcement on the evening of March 15, clarifying the impact of the UK tariff adjustment policy on the company’s export products.

Public information shows that Daikin Heavy Industry is the first listed company in China’s wind tower industry. After more than twenty years of development, the company has firmly established itself in the top tier of global wind power and offshore equipment manufacturing.

According to recent investor relations activity records, Daikin Heavy Industry’s revenue structure is primarily driven by overseas business. By the end of 2025, the company’s total overseas order backlog exceeds 10 billion yuan, covering offshore wind projects in the North Sea, Baltic Sea, and other regions.

Recently, the UK government announced that starting April 1, 2026, 33 types of wind turbine component import tariffs will be eliminated. In response, Daikin Heavy Industry clarified on the evening of the 15th that products such as wind turbine towers and pipe piles previously exported to the UK are not subject to tariffs, and the implementation of this policy will not affect future tariff payments for the company’s products.

Regarding the abnormal fluctuations in the company’s stock trading, Daikin Heavy Industry stated that it has verified relevant matters with the controlling shareholder and actual controller. The information previously disclosed by the company does not require correction or supplementation; the company has not found any recent public media reports of undisclosed significant information that could or has already significantly impacted the company’s stock trading price; the company’s current production and operation activities are normal, and there have been no major changes in the internal or external operating environment; the company, controlling shareholder, and actual controller do not have any major undisclosed matters or ongoing planning stages related to the company; during the period of abnormal stock fluctuations, the controlling shareholder and actual controller did not buy or sell the company’s stock.

Recently, Daikin Heavy Industry disclosed its 2025 annual report, showing that the company further increased overseas project shipments, reduced the scale of underperforming and high-risk receivable businesses, achieving operating revenue of 6.174 billion yuan, a year-on-year increase of 63.34%; benefiting from high value-added offshore engineering products, the company realized a net profit attributable to parent of 1.103 billion yuan, a year-on-year increase of 132.82%.

Daikin Heavy Industry stated that since 2022, the geopolitical tensions in Europe have significantly increased concerns over energy security. According to a report by the European Wind Energy Association, most of the EU’s energy depends on fossil fuel imports. Facing fluctuations in fossil fuel prices, countries are forced to accelerate their energy transition. In this context, offshore wind power, as a renewable, low-carbon, and localized energy source, has further strategic importance. It can reduce dependence on fossil fuel imports and play a key role in ensuring energy supply stability. With the advancement of electrification and support for renewable energy policies, investments and installed capacity in offshore wind power are accelerating, driving the development of related technologies and infrastructure, such as complete machine manufacturing, construction and installation, and remote operation and maintenance capabilities, thereby further consolidating Europe’s leading position in the global offshore wind market.