Total revenue for the 1HFY2023 rose by 16% y-o-y to RMB11.3 billion due to increased shipbuilding activities. Revenue from the group's core shipbuilding business and from its shipping business rose while revenue from other businesses, such as terminal services, trading, and ship design services fell.
Yangzijiang Shipbuilding has reported earnings of RMB1.73 billion ($321.7 million) for the 1HFY2023 ended June 30, 26% higher than earnings of RMB1.37 billion in the same period the year before.
Earnings – or net profit – from continuing operations surged by 47% y-o-y to RMB1.73 billion from RMB1.17 billion previously.
