HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Over 15 years' experience in both finance and healthcare, covering clinic operations, investment and equity research in both China and overseas.

Pre-IPO SpaceX - About the Business, the Concerns and Thoughts on Valuation

Pre-IPO Shanghai Seer Intelligent Technology (PHIP Updates) - Some Points Worth the Attention

Pre-IPO SG Micro Corp (A/H Listing) - Some Points Worth the Attention

Pre-IPO SKG Health Technologies - The Industry, the Business and the Concerns

Pre-IPO Henan Kingstar Brewery - The Business, the Concerns and the Outlook

Pre-IPO Suplay - The Business Model, Peer Comparison and the Outlook

Equity Capital Markets

Dajin Heavy Industry Corp A / Equity Capital Markets

<ul>
<li>Dajin's business model is undergoing a profound transformation. Its core logic is shifting from a single focus on wind power equipment manufacturing to evolving into a one-stop system service provider.</li>
<li>The structural optimization enhanced overall profitability. Dajin proactively reduces the scale of domestic business with poor profitability and high collection risks. The high-profit overseas business has filled the revenue gap.</li>
<li>As industry leader, Dajin is superior to peers.Demand from European sovereign funds/ESG funds for high-quality offshore renewable energy assets may drive up valuation ceiling. A/H discount may be at 20%-30%.</li>
</ul>


Dajin's business model is undergoing a profound transformation. Its core logic is shifting from a single focus on wind power equipment manufacturing to evolving into a one-stop system service provider.
The structural optimization enhanced overall profitability. Dajin proactively reduces the scale of domestic business with poor profitability and high collection risks. The high-profit overseas business has filled the revenue gap.
As industry leader, Dajin is superior to peers.Demand from European sovereign funds/ESG funds for high-quality offshore renewable energy assets may drive up valuation ceiling. A/H discount may be at 20%-30%.


Pre-IPO Dajin Heavy Industry (PHIP Updates) - Deserves a Valuation Premium