However, the company’s shipping segment saw weaker numbers: revenue for FY2025 was down 8.1% y-o-y and, no thanks to softer bulk carrier rates, it suffered a “significant” drop in margins to 28.4% from 43.3%. Higher repair and maintenance costs didn’t help either.
Yangzijiang Shipbuilding delivered FY2025 results ended Dec 31, 2025 which pleased investors. On March 3, when the broader markets were down amid jitters that the US and Israel’s attack on Iran the prior weekend would engulf larger parts of the Middle East, the share price of Yangzijiang Shipbuilding was among the few that gained instead of falling.
In FY2025, the company delivered a total of 56 vessels on schedule, helping generate revenue of RMB28.5 billion ($5.3 billion), an increase of 7.4% y-o-y. However, with a jump in overall gross margin of 5.5 percentage points to 34.2%, and a record shipbuilding margin of 35.1%, an increase of 7.3 percentage points, thanks to lower raw material costs and higher prices, Yangzijiang increased its earnings by 30.2% y-o-y to RMB8.64 billion.
