Singapore's Yangzijiang Shipbuilding HY revenue rises on higher contract prices

Yangzijiang Shipbuilding (Holdings)

06/08/2026 10:40

Overview
Singapore shipbuilder's half-year revenue grew 36.2% yr/yr to RMB17.5 bln
Gross profit rose 42.8% to RMB6.3 bln, gross margin expanded to 36.2%
Net profit attributable to equity holders up 28.4% to RMB5.4 bln

Outlook
Company says shipbuilding demand remains stable despite Middle East conflict and disruptions

Result Drivers
HIGHER CONTRACT PRICES - Revenue growth mainly driven by construction of vessels secured at higher contract prices and commencement of activities at Hongyuan Yard
FAVOURABLE PRODUCT MIX - Gross profit and margin improvement attributed to a more favourable product mix, including ultra-large containerships and very large ethane carriers
HIGHER CHARTER RATES - Shipping revenue increased due to higher charter rates

Company press release: ID:nSNL0tG4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 17.53 bln
 
H1 Gross Margin
 
36.20%
 
H1 Gross Profit
 
RMB 6.35 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the shipbuilding peer group is "buy"
Wall Street's median 12-month price target for Yangzijiang Shipbuilding (Holdings) Ltd is S$4.70, about 18.7% above its August 5 closing price of S$3.96
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 5 - Greece's Global Ship Lease Q2 revenue rises on higher charter rates
Aug 5 - Genco Shipping Q2 revenue and adjusted EBITDA beat estimates on higher freight rates, larger fleet
Aug 5 - Greece's Star Bulk Q2 revenue beats estimates on higher charter rates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)