Yangzijiang Shipbuilding soars over 10% 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
Shares of Yangzijiang Shipbuilding surged 10.3 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$0.27 to S$2.90 as at 9.25 am on Thursday, having closed at S$2.63 on Wednesday.
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.
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