On the evening of August 12th, Yangzijiang Shipbuilding (Holdings) Ltd., a prominent player in the global shipbuilding industry, released its impressive financial results for the first half of 2024. Despite a challenging market landscape, the company has outperformed expectations, showcasing its robust strategic vision and operational prowess.
Net Profit Surge: Yangzijiang Shipbuilding reported a remarkable 77% YoY increase in net profit, soaring to RMB 3.06 billion.
Revenue Boost: The company’s revenue climbed 15% YoY to reach RMB 13.05 billion.
Gross Profit: Witnessed a 65% jump, totaling RMB 3.48 billion, reflecting significant margin expansion.
Order Backlog: The company’s order book hit a new high with a total of 224 vessels, valued at an astounding $20.15 billion.
Clean Energy Focus: Notably, 79% of the new orders are for clean energy vessels, including LNG dual-fuel and methanol dual-fuel ships, highlighting Yangzijiang’s commitment to sustainability.
Yangzijiang Shipbuilding is not just keeping pace with the industry’s shift towards greener solutions; it’s leading the charge. The recent signing of the Yangzi Hongyuan project in Jingjiang is set to establish a world-class shipbuilding base dedicated to clean energy vessels, further solidifying the company’s position as a leader in green maritime innovation.
by Xinde Marine News Chen Yang
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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