{"id":101925,"date":"2026-02-25T09:06:59","date_gmt":"2026-02-25T12:06:59","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/895407951"},"modified":"2026-02-25T09:06:59","modified_gmt":"2026-02-25T12:06:59","slug":"yangzijiang-shipbuilding-posts-24-6-rise-in-h2-profit-to-4-5-billion-yuan","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/25\/yangzijiang-shipbuilding-posts-24-6-rise-in-h2-profit-to-4-5-billion-yuan\/","title":{"rendered":"Yangzijiang Shipbuilding posts 24.6% rise in H2 profit to 4.5 billion yuan"},"content":{"rendered":"

[SINGAPORE] Yangzijiang (YZJ) Shipbuilding on Wednesday (Feb 25) reported a net profit of 4.5 billion yuan (S$827.4 million) for the second half ended Dec 31, 2025 \u2013 24.6 per cent higher than the 3.6 billion yuan recorded in the corresponding year-ago period.<\/p>\n

H2 revenue stood at 15.6 billion yuan, a 15.8 per cent year-on-year increase from 13.5 billion yuan. The shipbuilder attributed the improvement partly to a greater number of vessel deliveries and steady progress in construction activities, supported by higher newbuild pricing.<\/p>\n

The revenue growth was also driven by significantly higher contributions from other business segments \u2013 particularly the sale of raw materials to Tsuneishi Group (Zhoushan) Shipbuilding, a 34 per cent-owned associate of the company. <\/p>\n

However, this was offset by the absence of revenue from terminal services and investment property. Their contributions were suspended following the commencement of a liquefied natural gas terminal conversion project and renovation works at YZJ Shipbuilding\u2019s Singapore office building.<\/p>\n

The H2 revenue expansion was also tempered by softer charter rates at the shipping business. <\/p>\n

\u201cResilient\u201d global demand<\/h2>\n

For the full year, the company reported a net profit of 8.6 billion yuan, a 30.2 per cent increase from 6.6 billion yuan in FY2024. <\/p>\n

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Revenue stood at 28.5 billion yuan, 7.4 per cent higher than the 26.5 billion yuan recorded the previous year. The full-year growth was driven by the progressive construction of vessels secured at higher newbuild prices. <\/p>\n

The group declared a final dividend of S$0.20 per share for FY2025, up from S$0.12 a share in FY2024.<\/p>\n

YZJ Shipbuilding noted that as at January 2026, global newbuild orders were up 27 per cent year on year, \u201cdriven primarily by fleet replacement needs\u201d.<\/p>\n

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This is also keeping global shipbuilding demand \u201cresilient\u201d, the company added, even as industry demand continues to shift from large container ships towards smaller segments such as mid-sized container ships and oil tankers. <\/p>\n

In FY2025, the group secured contracts amounting to about US$2.5 billion<\/a> for 60 vessels.<\/p>\n

It also noted that the construction of Hongyuan Yard \u201cremains on track\u201d, with preliminary shipbuilding activities already commencing in the first quarter of this year.<\/p>\n

With its expansion plan under way, the group has set an order-win target of 4.5 billion yuan for FY2026.<\/p>\n

Ren Letian, executive chairman and chief executive officer of YZJ Shipbuilding, said: \u201cWe expect the momentum to carry into 2026 and will continue to pursue new orders on a disciplined and market-oriented basis, focusing on securing the remaining delivery slots for 2029 while progressively opening positions for 2030.\u201d<\/p>\n

Shares of YZJ Shipbuilding closed Wednesday down 2.8 per cent or S$0.011 at S$3.85.<\/p>\n

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<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… charter rates at the shipping<\/span> business. For the full … is also keeping global shipbuilding<\/span> demand \u00e2\u0080\u009cresilient\u00e2\u0080\u009d, the company … on track\u00e2\u0080\u009d, with preliminary shipbuilding<\/span> activities already commencing in … chief executive officer of YZJ Shipbuilding<\/span>, said: \u00e2\u0080\u009cWe expect …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-101925","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/101925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=101925"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/101925\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=101925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=101925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=101925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}