Yangzijiang shares surge 8% on record first-half earnings

Shares of Yangzijiang Shipbuilding soared on Aug 7, after the mainboard-listed company posted a record net profit for the first half of 2025.

- Timothy Goh

The stock rallied as much as 11 per cent to $2.92 after its results announcement, before closing up 8 per cent, or 21 cents, at $2.84. A hefty 84.8 million shares changed hands.

Yangzijiang saw a 36.7 per cent jump in net profit to 4.18 billion yuan (S$747.2 million) for the six months ended June 30, from 3.06 billion yuan in the year-ago period.

This was despite a 1.3 per cent dip in first-half revenue to 12.88 billion yuan, the company reported before the market opened on Aug 7.

The decline in revenue was mainly due to lower contributions from the shipbuilding segment, as the group had begun constructing oil tankers, which it said "carry a lower average unit price than container ships".