Yangzijiang Shipbuilding’s net profit up 37% in H1

The company has delivered 23 vessels during the period.

Yangzijiang Shipbuilding (Holdings) Ltd. has reported a 36.7% increase in its net profit attributable to equity holders to $756m (RMB 4.2b) in the first half (H1) of 2025.

In a bourse filing, the company said a total of 23 vessels were delivered duringing the period, including four by the joint venture company, Yangzi-Mitsui Shipbuilding Co., Ltd..

Meanwhile, Yangzijiang Shipbuilding said its revenue declined 1.3% to $2.16b (RMB 12.b), attributed to slightly lower contributions from the shipbuilding segment following the commencement of construction for oil tankers, which carry a lower average unit price compared to containerships.

The decline was largely offset by revenue contribution from the construction of large dual-fuel containerships which are more technically sophisticated and command more favourable pricing.

The shipping segment’s revenue fell 15.4% to $92.05m (RMB 511.4m) in H1 due to weaker charter rates. Revenue from other businesses, which includes trading, ship design services, and investment property, surged 153.2% to $21.08m (RMB 117.1m), thanks to increased trading activity associated with the sale of raw materials to Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd.

In H1, the company bagged new orders for 14 vessels, with approximately 85% attributed to containerships.

“With greater clarity in tariff progressions and improvement in market sentiment when moving into the second half of 2025 and our industry leadership position, the Group is confident in securing new opportunities and endeavours to fill the remaining delivery slots for 2028 and 2029, which largely comprise of small to mid-sized vessels,” the company said.

RMB1 = $0.18

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