Yangzijiang Shipbuilding (Holdings) Ltd.

Yangzijiang Shipbuilding (Holdings) Ltd.

YSHLF
Yangzijiang Shipbuilding (Holdings) Ltd.US flagOther OTC
2.93
USD
+0.12
- -
11.53BMarket Cap
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
3.39
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
4.81
5.35
5.64
5.84
6.81
7.15
7.62
8.04
8.85
4.07
5.05
6.33
7.79
8.29
Tangible Book Value per Share
4.48
5.2
5.54
5.77
6.87
7.29
7.82
8.22
9.33
4.49
4.95
6.28
7.74
8.49
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
3,882
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 (%)
10.98
11.18
10.21
7.17
8.51
8.71
8.7
7.43
3.32
6.87
15.71
18.54
20.04
6.62
Return on Capital (%)
11.69
12.27
9.28
6.05
9.42
9.71
8.86
6.88
9.95
9.68
18.12
23.35
25.61
7.77
Return on Common Equity (%)
17.66
17.9
11.68
7.96
12.01
11.22
10.66
8.2
11.28
11.18
22.8
29.53
31.03
9.55

Capital Structure

FRC

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
9,038
9,419
32,092

Working Capital

FRC

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

FRC

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%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
24,112
2024
- -
- -
- -
- -
26,542
2025
- -
- -
- -
- -
28,505

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.04
2024
- -
- -
- -
- -
1.68
2025
- -
- -
- -
- -
2.19

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.26
2024
- -
- -
- -
- -
0.34
2025
- -
- -
- -
- -
0.66

Company Description

APIChat
CEO
Letian Ren
Full Time Employees
7,306
Sector
Industrials
Industry
Aerospace & Defense
Address
Jiangyin-Jingjiang Industry Zone Jingjiang People's Republic of China 214532
IPO Date
Jun 1, 2007
Business
Yangzijiang Shipbuilding (Holdings) Ltd. is a leading shipbuilding and offshore engineering conglomerate headquartered in Jingjiang, China, founded in 1956. The company specializes in the design, construction, and sale of commercial vessels including large and medium-sized container ships, bulk carriers, oil tankers, liquefied natural gas (LNG) vessels, liquefied petroleum gas (LPG) carriers, liquid ethylene gas (LEG) carriers, clean energy ships, multi-purpose vessels, and ocean engineering equipment. It also engages in offshore marine equipment construction, ship repair, ship design, steel structure production and processing, property investment, and vessel owning activities. The company operates shipbuilding yards strategically located along the Yangtze River in Jiangsu Province and has a significant global footprint with operations and sales spanning Greater China, Singapore, Italy, Canada, Japan, Greece, and various other regions worldwide. In recent developments, Yangzijiang Shipbuilding has expanded its production capacity and enhanced green shipbuilding capabilities through several strategic moves in 2024 and 2025. Notably, it completed the acquisition of the remaining 20% stake in Jiangsu Yangzi Xinfu Shipbuilding Co., one of its largest dock facilities. It also acquired a 34% equity stake in Tsuneishi Zhoushan Shipbuilding in Zhejiang Province, enhancing its R&D and supply chain capabilities through a joint venture with Japan’s Tsuneishi Holdings. Yangzijiang launched the Project Hongyuan, investing in a new clean energy vessel intelligent manufacturing base near its Xinfu yard, with a focus on sophisticated and dual-fuel ships. Additionally, it established a wholly-owned subsidiary, Jiangsu Yangzi Runze Shipbuilding, aimed at exploring clean energy vessel production. The company’s order book reached a record US$24.4 billion for 245 vessels as of the end of 2024, covering deliveries up to 2030, and it secured substantial contracts worth over US$2 billion in 2025, including orders for VLACs (very large ammonia carriers) and methanol dual-fuel containerships. These initiatives underscore Yangzijiang’s strategic shift towards sustainable shipping and advanced marine technology. Yangzijiang’s business segments primarily include shipbuilding, shipping (charter hire income from vessel ownership), and others (ship demolition and related services). The company maintains a robust asset base valued over 70 billion yuan, operates extensive docks and shipbuilding infrastructure, and employs over 6,000 personnel. Its export and operational markets encompass North America, Europe, Asia, and Africa, serving major global shipowners. The company remains a prominent player in the global maritime industry, emphasizing high-quality, environmentally compliant ship construction and comprehensive marine solutions.