Yangzijiang Shipbuilding soars 11% after posting record high net profit
It had posted a record-high net profit of 4.2 billion yuan (S$752.6 million), up 36.7% from the first half of 2024
[SINGAPORE] Shares of Yangzijiang Shipbuilding surged more than 11 per cent minutes after market open on Thursday (Aug 7) on the back of a record-high net profit in the first half of 2025.
The counter jumped S$0.29 to S$2.92 as at 9.35 am on Thursday, having closed at S$2.63 on Wednesday. This marked its highest price since February, where it reached S$3.30 per share.
It later pared some of the gains as at the mid-day break to be 7.6 per cent up at S$2.83.
The shipbuilder on Wednesday posted a 36.7 per cent jump in net profit to 4.2 billion yuan (S$752.6 million) for the six months ended Jun 30, 2025, up from 3.1 billion yuan for the same period a year earlier.
Its rise in net profit was in part due to the contribution from its associate company.
Shares of Yangzijiang dropped from its February figures to S$1.87 in April after the after US proposed port fees for Chinese-built vessels. It then snapped the downward streak after the US watered down its initial proposal of slapping fees on China-built ships.
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