Monday, September 8, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Yangzijiang Shipbuilding H2 profit up 50.5% at 3.6 billion yuan

by Mark Darwin
in Lifestyle
Yangzijiang Shipbuilding H2 profit up 50.5% at 3.6 billion yuan
Share on FacebookShare on Twitter


YANGZIJIANG Shipbuilding reported a net profit of 3.6 billion yuan (S$659.3 million) for the second half ended Dec 31, 50.5 per cent higher than the 2.4 billion yuan recorded in the corresponding period a year earlier. 

Revenue stood at 13.5 billion yuan, a 5.5 per cent increase from the 12.8 billion yuan recorded in the same period a year before. 

The group recorded an earnings per share of 90.50 fen in the recent H2, up from 60.13 fen previously. 

Yangzijiang Shipbuilding said: “Over the past two years, multiple factors, such as fleet renewal demand, maritime decarbonisation, and rising trade volumes, have driven shipbuilding newbuild orders to record highs.

“In 2024, the industry registered a total order intake of US$204 billion in contract value and 66 million in terms of compensated gross tonnage, reaching the highest in 17 years.”

For the full year, Yangzijiang Shipbuilding reported a net profit of 6.6 billion yuan, a 61.7 per cent increase from 4.1 billion yuan in the 2023 financial year. 

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Revenue stood at 26.5 billion yuan, 10.1 per cent higher than the 24.1 billion recorded in the previous year. 

The group declared a dividend per share of S$0.12, up from S$0.065 per share in 2023. 

Looking ahead, it noted how the United States has proposed levying additional service fees on ships with China exposure in February. Combined with a growing backlog of newbuild orders and extended delivery lead times, these downside risks may impact shipowners’ willingness to place new orders in the near term, added Yangzijiang Shipbuilding. 

The counter closed down 0.7 per cent or S$0.02 at S$2.68.

Copyright SPH Media. All rights reserved.

Tags: BillionProfitShipbuildingYangzijiangYuan
Mark Darwin

Mark Darwin

Next Post
CSE Global H2 net profit dips 1.7%, dragged by US million settlement

CSE Global H2 net profit dips 1.7%, dragged by US$8 million settlement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In