Yangzijiang Shipbuilding (Holdings) Ltd.

Yangzijiang Shipbuilding (Holdings) Ltd.

3.50
EUR
-0.05
(-1.30%)
0.10EPS
8.57P/E
3.31BMarket Cap
Feb 24Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.74
4.01
4.18
3.94
4.95
5.87
5.99
3.8
3.92
5.25
6.1
6.72
7.24
3.4
Basic EPS, GAAP
0.81
0.91
0.64
0.46
0.76
0.78
0.79
0.64
0.96
0.71
1.04
1.68
2.19
0.77
Free Cash Flow per Basic Share
-1.23
2.21
0.76
1.03
0.39
0.21
1.04
-0.23
1.42
0.95
1.82
3.01
0.64
0.38
Dividend per Share
0.24
0.25
0.25
0.21
0.19
0.22
0.25
0.23
0.22
0.25
0.26
0.34
0.66
- -
Book Value per Share
4.65
5.34
5.69
5.92
6.8
7.38
7.94
8.4
9.16
4.45
5.3
6.65
8.17
8.61
Tangible Book Value per Share
4.36
5.05
5.4
5.64
6.54
7.12
7.61
8.07
9.15
4.44
4.9
6.25
7.72
8.29
Basic Weighted Avg Shares
3,832
3,832
3,832
3,832
3,878
3,957
3,937
3,908
3,861
3,940
3,951
3,951
3,940
3,875
Sales/Revenue/Turnover
14,339
15,354
16,014
15,089
19,206
23,238
23,597
14,841
15,137
20,705
24,112
26,542
28,505
13,176
Operating Margin (%)
32.99
25.95
25.64
23.08
16.84
16.66
17.23
24.21
11.5
13.47
20.9
26.65
31.79
24.63
Depreciation Expense
285
430
539
542
483
532
495
516
501
457
495
461
530
515
Net Income, GAAP
3,096
3,483
2,460
1,752
2,931
3,070
3,105
2,516
3,699
2,807
4,102
6,634
8,637
2,978
Effective Tax Rate (%)
33.38
11.94
22.94
33.43
11.34
21.23
21.26
20.42
23.73
20.52
20.68
18.93
19.15
19.53
Profit Margin (%)
21.59
22.68
15.36
11.61
15.26
13.21
13.16
16.96
24.43
13.56
17.01
24.99
30.3
22.6
Working Capital
5,647
10,398
14,868
13,851
16,929
20,118
21,061
21,166
26,754
10,753
11,674
17,261
18,735
21,849
LT Debt
1,133
2,636
6,074
4,645
2,359
2,895
2,251
2,124
1,953
2,298
1,630
2,300
- -
2,477
Total Equity
18,273
21,076
22,359
23,199
27,625
29,818
32,055
33,377
36,062
17,705
21,143
26,377
32,258
34,189
Return on Invested Capital (%)
10.89
12.18
8.29
6.05
9.71
7.83
8.37
6.42
2.83
7.25
15.99
18.25
20.32
6.51
Return on Capital (%)
12.06
12.4
9.26
6.01
9.29
9.51
8.62
6.7
9.61
9.17
17.18
22.46
24.62
7.55
Return on Common Equity (%)
18.59
18.2
11.64
7.88
11.8
10.95
10.32
7.93
10.84
10.5
21.3
28.1
29.57
9.23

Capital Structure

CNY

•

in mil. unless spec.
Dec'20
Mar'21
Jun'21
ST Debt
2,121
2,492
2,206
LT Borrowings
2,123
- -
2,477
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,853
3,849
3,849
Market Capitalization
18,081
23,520
25,352

Working Capital

CNY

•

in mil. unless spec.
Dec'20
Mar'21
Jun'21
Total Current Assets
29,129
34,613
30,985
Cash, Cash Equivalents & STI
20,586
27,139
22,110
Accounts Receivable, Net
544
3,199
3,707
Inventories
1,678
1,759
1,928
Total Current Liabilities
7,963
10,462
9,136
Payables & Accruals
- -
- -
- -
ST Debt
2,121
2,492
2,206
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.6%
4.72%
22.29%
Free Cash Flow
-45.04%
-131.25%
-78.93%
Net Income, GAAP
18.63%
32.18%
30.2%
Sales/Revenue/Turnover
7.96%
14.54%
7.4%
Total Cash Common Dividend
13.73%
28.25%
93.77%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
26,542
2025
- -
- -
28,505
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.68
2025
- -
- -
2.19
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.34
2025
- -
- -
0.66
2026
- -
- -
- -

Company Description

CEO
Le Tian Ren
Full Time Employees
29,209
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Jiangyin-Jingjiang Industry Zone Jingjiang JS China 214532
IPO Date
Apr 25, 2007
Business
Yangzijiang Shipbuilding (Holdings) Ltd. engages primarily in shipbuilding and marine engineering manufacturing, with supplementary operations in shipping leasing, trade logistics, and real estate; it designs, constructs, and delivers commercial vessels including large and medium-sized container ships, bulk carriers, oil tankers, chemical tankers, LNG/LEG/LPG carriers and other clean energy ships, multi-purpose ships, and ocean engineering equipment, as well as providing ship repairing services, steel structure production, and ship-related trading. The company operates through Shipbuilding, Shipping, and Others segments, serving shipowners in Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, the United Kingdom, Singapore, and other international markets from its shipyards along the Yangtze River in Jingjiang, Taixing, and Taicang, Jiangsu Province, China. Founded in 1956 as a shipbuilding cooperative and listed on the Singapore Exchange in 2007 (ticker: BS6.SI) with headquarters in Jingjiang, China, the group encompasses subsidiaries such as Jiangsu New Yangzi Shipbuilding Co., Ltd., Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., and Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd., supported by over 30,000 employees, three giant dry docks, three large and medium-sized slipways, and an annual production capacity exceeding 6 million deadweight tons. In recent developments, the company has secured substantial newbuilding orders in 2025 totaling over US$2.17 billion as of September, including 22 vessels worth US$920 million in August, eight contracts for four containerships (two 11,800 TEU units from Seaspan Corporation) and four bulk carriers worth US$567.6 million in September, and a letter of intent in November for eight vessels through joint ventures with Alpha Omega (four 40,000 DWT bulk carriers) and Maersk Tankers (four 49,800 DWT MR product tankers), all slated for delivery between 2027 and 2029; additionally, its affiliate Yangzijiang Financial Holdings completed the spin-off and SGX Mainboard listing of Yangzijiang Maritime Development Ltd. in November 2025 to unlock maritime investment growth, while the group advances the Yangzijiang Hongyuan green shipbuilding project set for completion by end-2026 with 800,000 tons annual capacity.