Yangzijiang's net profit soars 49% to $135.3m in Q1

28 Apr 2017 - Singapore Business Review
All thanks to the resale of four bulk carriers. Shipbuilder Yangzijiang reported a good set of numbers in the past quarter, with its net profit jumping 49% to $135.3m (RMB 667.7m). OCBC Investment Research noted that this came with the 73% surge in revenues to $951.6m (RMB 4.7b). The healthy results ...
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Yangzijiang chalks up stronger profits for Q1

27 Apr 2017 - Business Times Breaking News
YANGZIJIANG Shipbuilding saw a 49 per cent year-on-year rise in net profit to 667.67 million yuan (S$135.4 million) for Q1 FY17. Revenue for the quarter rose 73 per cent to 4.68 billion yuan; with 14 vessels being delivered in Q1 2017, revenue from its core shipbuilding business increased by 43 per cent ...
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Yangzijiang: 1Q2017 Earnings Increases By 49% To RMB667.7 Million, Secured New Shipbuilding Orders Of US$318 Million In The Quarter & Maiden LNG Carriers Delivered To Customer.

27 Apr 2017 - ShareInvestor Express
Group reported revenue of RMB4.7 billion for 1Q2017, 73% higher compared to 1Q2016, supported by the 14 vessels delivered with the resale of vessels that were previously terminated and higher trading revenue. Gross profit margin for core shipbuilding business remained healthy at 23% for 1Q2017. Group ...
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Stocks to watch: Sembcorp Marine, Singapore eDevelopment, Natural Cool, Yangzijiang

3 Apr 2017 - Business Times Breaking News
THE following stocks may be in focus on Monday: Sembcorp Marine: The US District Court for the district of Columbia has ruled in favour of Sembcorp Marine and Jurong Shipyard in a lawsuit filed with respect to their investments in Sete Brasil.
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Yangzijiang wins 13 shipbuilding contracts worth US$318m

3 Apr 2017 - Business Times Breaking News
YANGZIJIANG Shipbuilding announced on Monday that it has won 13 shipbuilding contracts worth US$318 million for the first quarter of 2017.These contracts are for five 82,000DWT (deadweight tonnage) bulk carriers, five 62,000DWT woodchip carriers, two 1,800TEU (twenty-foot equivalent unit) containerships ...
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Yangzijiang picks up 30% of Chinese investment fund

24 Mar 2017 - Business Times Breaking News
YANGZIJIANG Shipbuilding (YZJ) has, through a wholly-owned subsidiary, picked up a significant stake in an investment fund in China. YZJ said after Friday trading close that its subsidiary, Jiangsu New Yangzi Shipbuilding Co Ltd, had subscribed to 30 per cent equity in the share capital of Jiangsu Nantong ...
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Hot stock: Yangzijiang shares galvanised by decent results

2 Mar 2017 - Business Times Breaking News
SHARES of Yangzijiang Shipbuilding Holdings jumped five Singapore cents or 5.1 per cent to S$1.035 as at 2.38 pm, a day after China's largest shipbuilder reported a decent pair of results for the quarter as well as full year. The counter was the seventh most active around midday, with 30 million shares ...
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Yangzijiang to axe 10% of its staff this year

2 Mar 2017 - Singapore Business Review
After reporting a slump in its net profit to RMB1.75b. Shipbuilder Yangzijiang is expected to slash jobs at it courses through the tough climate. According to a report from DBS Vickers Securities, the group expects the number of shipbuilders to dwindle by over 70% this year from 2009 levels and capacity ...
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Yangzijiang: Reports Earnings Of RMB1.8 Billion For FY2016, Ranked No.1 In China & No.4 In The World With US$4.3 Billion Outstanding Order Book.

1 Mar 2017 - ShareInvestor Express
Group reported revenue of RMB15.1 billion for FY2016, 6% lower compared to FY2015 due to the decline in revenue from shipbuilding related segment. Gross profit margin for core shipbuilding business increased to 25% for FY2016 compared to 19% for FY2015, supported by the reversal of warranty provision ...
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Yangzijiang Q4 net profit leaps to 607.8m yuan on advance payments

1 Mar 2017 - Business Times Breaking News
YANGZIJIANG Shipbuilding Holdings (YZJ) saw its quarterly net profit jump to 607.8 million yuan (S$124.5 million) from 41.5 million yuan a year ago on the back of a huge increase in other income due to recognition of advance payment from terminated shipbuilding contracts and lower expenses. Revenue for ...
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