It had posted a record-high net profit of 4.2 billion yuan (S$752.6 million), up 36.7% from the first half of 2024

 

[SINGAPORE] Shares of Yangzijiang Shipbuilding : BS6 +7.98% surged more than 11 per cent minutes after the market opened on Thursday (Aug 7) on the back of a record-high net profit in the first half of 2025.

 

The counter jumped S$0.29 to S$2.92 as at 9.35 am, having closed at S$2.63 on Wednesday. This marked its highest price since February, where it reached S$3.30 per share.

 

It later pared some of the gains to close on Thursday 8 per cent or S$0.21 up at S$2.84, with 84.8 million shares having changed hands.

 

The shipbuilder on Wednesday posted a 36.7 per cent jump in net profit to 4.2 billion yuan (S$752.6 million) for the six months ended Jun 30, 2025, up from 3.1 billion yuan for the same period a year earlier.

 

Its rise in net profit was in part due to the contribution from its associate company.

 

Shares of Yangzijiang dropped from its February figures to S$1.87 in April after the after US proposed port fees for Chinese-built vessels. It then snapped the downward streak after the US watered down its initial proposal of slapping fees on China-built ships.

The group&rsquo s net profit margin is up to 32.5%, from 23.4% for the year-ago period

 

[SINGAPORE] Yangzijiang Shipbuilding : BS6 +2.33% posted a record-high net profit of 4.2 billion yuan (S$752.6 million) for the six months ended Jun 30, 2025, marking a 36.7 per cent surge from 3.1 billion yuan for the same period a year earlier.

 

This comes as an associated company has started to contribute meaningfully.

 

In a regulatory filing on Wednesday (Aug 6), the mainboard-listed shipbuilder posted a 1.3 per cent year-on-year drop in revenue for H1 FY2025, to 12.9 billion yuan. 

 

The decrease was mainly caused by lower contributions from the shipbuilding segment, as it has begun the construction of oil tankers, which the group said &ldquo carry a lower average unit price than container ships&rdquo . 

 

There was also a decline in revenue for the shipping segment &ndash down 15.4 per cent year on year to 511.4 million yuan &ndash which Yangzijiang said was due to lower charter rates. 

 

However, other businesses, which include trading, ship design services and investment property, contributed 153.2 per cent higher revenue at 117.1 million yuan for H1.

 

Contributions from associated companies and joint ventures improved by 79 per cent year on year, to 481.4 million yuan. These included a contribution of 320 million yuan from Yangzi-Mitsui Shipbuilding, and 160 million yuan from Tsuneishi Zhoushan, in which the group completed its capital injection for a 34 per cent equity stake in the first quarter of 2025.

 

Yangzijiang&rsquo s net profit margin improved to 32.5 per cent, from 23.4 per cent for the year-ago period earnings per share rose to 1.0602 yuan from 0.7742 yuan.

 

Net asset value per share stood at 7.048 yuan as at Jun 30, higher than 6.6517 yuan as at Dec 31, 2024. 

 

Yangzijiang said that, during H1 FY2025, it clinched contracts amounting to US$537.2 million for 14 vessels, with approximately 85 per cent for container ships. This raised the group&rsquo s total outstanding order book to US$23.2 billion for delivery through 2029 and beyond.