YZJ says that the decline in revenue was mainly attributable to slightly lower contribution from its core shipbuilding segment due to a change in product mix. Specifically, revenue was impacted by the commencement of construction for oil tankers which carry a lower average unit price compared to containerships.
Yangzijiang Shipbuilding Holdings (YZJ) has reported earnings of RMB4.18 billion ($750 million) for the 1HFY2025 ended June 30, up 36.7%.
The group’s revenue for the period declined 1.3% y-o-y to RMB12.9 billion, while gross profit grew 27.6% y-o-y to RMB4.45 billion.
