$扬子江船业(BS6.SI)$ Shipbuilding is quietly entering another cycle. Yangzijiang now has an order backlog of US$22.4bn, with shipyards fully booked until 2029. The order mix is also changing. About 80% of the orderbook now comes from clean-energy vessels such as LNG and dual-fuel ships. The investment story is quite simple: visibility of earnings + 5–6% dividend yield. Among SGX industrial companies, few have this level of order visibility.
Yangzijiang Shipbuilding Holdings Ltd Reports Full Year Financial Results with Strong Revenue and Profit Margins
Yangzijiang Shipbuilding Holdings Ltd announced its full year financial results, reporting a revenue of RMB 28,504.8 million, a gross margin of 34.2%, gross profit of RMB 9,761 million, and a pretax profit of RMB 10,676.572 million. These figures indicate strong financial performance for the fiscal year.