Yantai's 'super factory' drives global offshore wind growth
Updated : 2026-03-31
(chinadaily.com.cn)
Penglai Dajin Offshore Heavy Industry, a Yantai-based manufacturing hub, delivered its strongest year yet in 2025, solidifying its position as a flagship Chinese exporter in the global offshore wind power equipment market.
The company's deep-water port location in East China's Shandong province allowed for efficient delivery of European orders, which drove a sharp rise in high-margin product shipments. Its parent company, Dajin Heavy Industry, reported a 132.8 percent surge in net profits, which rose to 1.1 billion yuan ($ 159 million), with the Penglai base accounting for over 90 percent of revenue and profit.
Penglai Dajin has three competitive advantages that give it an edge globally: its deep-water port location minimizes logistics costs for overseas markets; its internationally certified products, such as monopiles and jackets, command high margins; and it has evolved from being a component supplier into an integrated service provider offering fabrication, transport, and local installation.
By the end of 2025, Dajin's total overseas order backlog exceeded 10 billion yuan, with the majority scheduled for delivery within the next two years. Yet significant challenges remain, including volatile global wind energy policies, elevated steel prices, trade barriers, and exchange rate fluctuations.
Despite these headwinds, analysts believe Penglai Dajin's strategic location, technical expertise, and end-to-end service capabilities will allow it to maintain its leadership in China's offshore wind equipment exports and sustain high-quality growth.

