Yangzijiang's net profit up 13% to $753.9m in FY14

On back of healthy shipbuilding margins.

Yangzijiang reported that its net profit grew 13% year-on-year to $753.9m (RMB3.48b) in FY14, on back of its robust shipbuilding gross margin.

Full year shipbuilding gross margin stood at 20%, though it moderated slightly in the fourth quarter due to the maiden recognition of a jack-up project.

According to DBS, Yangzijiang is set to outperform peers with 5- to 10-ppt higher margins through better newbuild prices, payment terms and efficiency as well as active cash management.

Yangzijiang also offers relatively stable profits with upside potential from the recognition of relocation fees from the government and profits from disposal of previously cancelled vessels.

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