The shipbuilding segment reported revenue of RMB12.4 billion, 16.3% higher y-o-y due to increased progressive construction activities and better pricing of overall newbuild vessels. The group delivered a total of 35 vessels for the 1HFY2024. Including the two ships built for its own fleet, Yangzijiang Shipbuilding achieved 59% of its annual delivery target of 63 vessels.
Yangzijiang Shipbuilding has reported earnings of RMB3.06 billion ($564.9 million) for the 1HFY2024 ended June 30, 77% higher y-o-y and a record high for the group.
Revenue rose by 15.3% y-o-y to RMB13.05 billion due to higher shipbuilding activities and better shipping charter rates.
