Strong growth! Listed company releases 2024 Interim Financial results

On the evening of August 12, listed company Yangzijiang Shipbuilding (Holdings) Co., Ltd. announced its financial results for the first half of 2024.

According to the announcement, the key performance indicators for the first half of 2024 are as follows.

Total Revenue: RMB 13 billion | Net Profit RMB 3.1 billion

In the first half of 2024, the Group's total revenue increased by 15.3% year-on-year to RMB13 billion, with the core shipbuilding segment contributing 95.0% of total sales. Revenue from the shipping segment grew by 13.5% year-on-year to RMB604 million, while net profit attributable to shareholders jumped 77.2% year-on-year to RMB3.1 billion in 1H2024.

New Orders|79 ships/$8.48 billion

In the first half of 2024, the company secured 79 new orders valued at US $8.48 billion, completing 188% of the annual new orders target. 79% of these new orders are clean energy vessels, including 12 gas carriers, 18 LNG dual fuel vessels and 17 methanol dual fuel vessels.

Delivered 37 new vessels

In the first half of 2024, the Group delivered a total of 37 new vessels, achieving 59% of its annual delivery target of 63 vessels.

Orders in hand|224 vessels/value at $20.15 billion

As of June 30th, the Group's hand-held order book reached a new high of 224 vessels/value at US$20.15 billion. On hand orders for a rich ship type structure, including 89 container vessels, 47 bulk carriers, 24 gas carriers of various types, 64 tankers. Clean energy type vessel accounted for approximately 70% of the total order book.

In response to the trend of decarbonization of shipping, the Group is improving the competitiveness of its high-quality development by upgrading the efficiency of its internal management, optimizing its mode of operation and expanding its production capacity.