Yangzijiang Shipbuilding has reported FY2025 revenue that is higher by 7.4% to RMB28.5 billion. However, with better pricing and lower costs, the company was able to grow its full-year earnings by 30.2% to RMB8.64 billion.
Its order book, as at Dec 31, was US$22.4 billion for 245 vessels, with deliveries spanning from 2026 to 2030.
The company plans to pay a final dividend of 20 cents per share, which is equivalent to a payout ratio of 50%, and a yield of 5.7%. For the preceding FY2024, it paid 12 cents.
Despite temporary disruptions in the shipbuilding industry in 1H2025 due to tariff announcements and macroeconomic uncertainty that delayed shipowners’ ordering decisions, market sentiments improved in the second half of 2025, with order momentum picking up.
This has continued into 2026, with global newbuild orders rising 27% yoy to 5.61 million compensated gross tonnage in January 2026, driven primarily
by fleet replacement needs.
YZJ aims to win RMB4.5 billion worth of contracts this current FY2026.
See also: Megachem's FY2025 earnings down on softer demand; maintains dividend
"We expect the momentum to carry into 2026 and will continue to pursue new orders on a disciplined and market-oriented basis," says executive chairman Ren Letian.
Yangzijiang Shipbuilding shares closed at $3.85 on Feb 25, down 2.78%.
