Singapore-listed Yangzjiang’s revenue increased by 7.4% year-on-year to RMB28.5 billion ($4.15 billion) during the reporting period, driven by notable growth in core shipbuilding business, which accounted for approximately 94% of total revenue in FY2025.
Gross profit grew by 28.3% year-on-year to RMB9.8 billion mainly supported by stronger newbuild pricing and lower raw material costs.
The total outstanding orderbook of Yangzijiang stood at $22.4 billion for 245 vessels.
Shipbuilding revenue closed at RMB26.8 billion, up 6.4% year-on-year. The increase was mainly driven by steady progress in vessel construction contracted at higher newbuild prices. In 2025, the group delivered a total of 56 vessels, including 11 vessels delivered by the joint venture, Yangzi-Mitsui Shipbuilding.
Revenue from the shipping business declined 8.1% year-on-year to RMB1.1 billion, mainly attributed to weaker bulk carrier charter rates and higher operating costs due to higher repair and maintenance activities.
Revenue from other businesses, including terminal services, trading, ship design services, and investment property, rose to RMB537.8 million in 2025. The strong growth was primarily driven by higher trading activity
Ren Letian, Executive Chairman and CEO of Yangzijiang Shipbuilding, commented: “As order momentum rebounded in 2025, the group stayed laser-focused on on-schedule project execution and quality manufacturing, while closely tracking evolving market dynamics. This rigorous operational approach allowed us to secure new contract awards totalling $2.5 billion for the year, with around 80% of this volume clinched in the second half of 2025.”
He added: “We anticipate this positive momentum to extend into 2026 and will continue to pursue new order opportunities in a prudent, market-driven manner. Our focus will be on filling the remaining delivery slots for 2029, while also phasing in the opening of delivery positions for 2030.”
