- Yangzijiang Shipbuilding‘s overall revenue was 26.54 billion yuan, representing a 10% increase compared to the previous year, but did not meet the estimate of 28.64 billion yuan.
- The shipbuilding segment generated 25.22 billion yuan in revenue, up 11% year-over-year, falling short of the 27.15 billion yuan estimate.
- Shipping revenue rose to 1.24 billion yuan, a 22% increase year-over-year, slightly below the estimate of 1.27 billion yuan.
- Net income saw significant growth, reaching 6.63 billion yuan, which is a 62% increase from the last year.
- The company declared a final dividend per share of S$0.120, up from S$0.065 the previous year.
- Gross profit rose by 41% to 7.61 billion yuan, with the gross profit margin improving to 28.7% from 22.4% the previous year.
- The orderbook value at the end of December was reported at $245 billion.
- The target for order-wins has been increased to $6 billion for the fiscal year 2025.
- Yangzijiang Shipbuilding plans to deliver 56 vessels in 2025.
- Project Hongyuan is progressing according to plan, requiring a total capital expenditure of approximately 3 billion yuan.
- The investment community views the company positively, with 9 buy ratings, 1 hold, and no sell recommendations.
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Yangzijiang Shipbuilding on Smartkarma
On Smartkarma, renowned analyst David Blennerhassett sheds light on Yangzijiang Shipbuilding, cautioning investors as the company faces a tumultuous situation. In his recent report titled “Yangzijiang Shipbuilding (YZJSGD SP) Rolls Over As The US Seeks To Curb China’s Shipping Dominance,” Blennerhassett brings into focus the impact of proposed USTR fees and shipping restrictions on Chinese vessels. With the potential implementation of significant port entrance fees, including up to US$1.5 million per entry for non-Chinese transport operators utilizing Chinese-built vessels, Yangzijiang Shipbuilding has witnessed a sharp decline of 16%. While these measures are currently preliminary, the analyst warns of the implications on the Chinese export sector should they come into effect, given past negotiations under the Trump administration.
Amidst growing concerns over the potential ramifications of these restrictions, Blennerhassett’s bearish sentiment towards Yangzijiang Shipbuilding reflects the uncertainties surrounding the company’s future prospects. The analyst’s insights provide a valuable perspective for investors navigating the evolving landscape of the shipping industry, highlighting the strategic considerations that may impact the company’s performance in the face of changing trade dynamics. As stakeholders monitor the developments in U.S.-China trade relations, Blennerhassett’s research offers a comprehensive analysis of the challenges and opportunities facing non-SOE Yangzijiang Shipbuilding in the midst of geopolitical tensions and shifting regulatory frameworks.
A look at Yangzijiang Shipbuilding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Yangzijiang Shipbuilding (Holdings) Limited, known for its diverse portfolio of shipbuilding, has garnered positive ratings in several key areas according to Smartkarma Smart Scores. With a strong profile in terms of growth, resilience, and momentum, the company seems well-positioned for long-term success. The high scores in dividend and growth further reflect the company’s potential for generating returns and expanding its market presence.
Overall, Yangzijiang Shipbuilding appears to have a promising outlook based on the Smartkarma Smart Scores, indicating a favorable combination of value, dividends, growth potential, resilience, and momentum. As a significant player in the shipbuilding industry, the company’s diversified production of various commercial vessels underscores its strength in meeting market demands for a wide range of specialized ships.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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