Record delivery of 20 vessels in 2Q18. Group revenue of RMB 7.9bn was 60% higher than expectations. 2Q18 net profit of RMB 994m exceeded forecast. Shipbuilding margin of 21% was broadly in line with expectation. Therewere 10 large vessels that were part of the delivery. Earnings were also boosted by some one-offs – RMB 101m […]
Yangzijiang Shipbuilding
5 reasons why Yangzijiang is a bargain
Background Yangzijiang (YZJ) operates through shipbuilding, investments and trading activities. It produces a range of commercial vessels, such as containerships, dry bulk carriers, oil tankers, and liquefied natural gas (LNG) carriers. The company also engages in the production and processing of steel structures. In addition, it facilitates the sale and export of ships for the […]