Yangzijiang Shipbuilding Reports Strong Profit Surge
Yangzijiang Shipbuilding (YZJ) announced a remarkable net profit of 4.5 billion yuan (S$827.4 million) for the second half of 2025, marking a 24.6% increase from the previous year. The company’s revenue also saw a significant boost, reaching 15.6 billion yuan, driven by increased vessel deliveries and higher newbuild pricing. However, the absence of revenue from terminal services and softer charter rates tempered overall growth.
Financial Highlights and Future Outlook
For the full fiscal year 2025, YZJ reported a net profit of 8.6 billion yuan, a 30.2% rise from 6.6 billion yuan in FY2024. Total revenue for the year reached 28.5 billion yuan, reflecting a 7.4% increase compared to 26.5 billion yuan in the previous year. This growth was attributed to the progressive construction of vessels secured at higher newbuild prices. The company declared a final dividend of S$0.20 per share for FY2025, up from S$0.12 in FY2024.
Yangzijiang Maritime Development Expands Fleet with New Orders
As of January 2026, global newbuild orders surged by 27% year-on-year, primarily driven by fleet replacement needs. YZJ noted that despite a shift in industry demand from large container ships to smaller segments like mid-sized container ships and oil tankers, global shipbuilding demand remains resilient. In FY2025, the company secured contracts worth approximately US$2.5 billion for 60 vessels, with construction at the Hongyuan Yard progressing on schedule.
Looking ahead, YZJ has set an ambitious order-win target of 4.5 billion yuan for FY2026. Ren Letian, the executive chairman and CEO, expressed optimism about maintaining momentum into 2026, emphasizing a disciplined approach to securing new orders while focusing on delivery slots for 2029 and gradually opening positions for 2030. Despite the positive financial results, YZJ’s shares closed down 2.8% at S$3.85 on Wednesday.
