Yangzijiang Shipbldg’s H1 net profit soars 77.2% to $571m

Gross profit rose 65.1% to $626m.

Yangzijiang Shipbldg reported a 77.2% spike in its net profit for H1 2024 to $571m (RMB3.1b) from $313m (RMB1.7b) in H1 2023.

Gross profit also rose 65.1% to $626m (RMB3.4b) from $387m (RMB2.1b) a year ago.

Revenue grew 15.3% to $2.39b (RMB13b) from $2.1b (RMB11.3b) in H1 2023, driven by the Shipbuilding segment's strong performance, which saw a 16.3% YoY increase of $313m (RMB1.7b), bringing its total to $2.28b (RMB12.4b).

Shipbuilding growth was driven by increased construction activities and better pricing for newbuild vessels. The Group delivered 35 vessels during the period and, including 2 ships for its own fleet, reached 59% of its annual target of 63 vessels.

In the same period, Yangzijiang secured a total of 79 new orders worth $11.3b (US$8.5b), with 79% of the new orders classified under the clean energy vessels category including 12 gas carriers, 18 LNG dual-fuel vessels, and 17 methanol dual-fuel vessels.

These new orders brought the company’s net order book to a record-high of 224 vessels worth $26.7b (US$20.2b), ensuring earnings visibility until mid-2028.

Follow the link for more news on

Yangzijiang Shipbuilding

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia