Yangzijiang Shipbuilding First-Half Net Profit Jumps 77% to 570 Million Yuan
The Group secured new orders totaling US$8.5 billion for 79 vessels in the first half of the year, reaching 188% of its full-year target. Current undelivered orders reached a record high of $20.2 billion, totaling 224 vessels.
Ren Letian, chief executive of Yangzijiang Shipbuilding, said: "We will not be satisfied with this, and we will look at capacity expansion to accommodate the strong demand for clean energy vessels. We are also looking at diversifying our revenue streams by operating LNG terminals, which will provide recurring and defensive income in the long term. These will ensure that we remain at the forefront of the maritime industry and maintain our market leadership." $YZJ Shipbldg SGD (BS6.SG)$
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