Link: https://links.sgx.com/1.0.0/corporate-announcements/59LV2NSOXDVNPVNZ/dfc1f52756a4ef54d2760e624cb1f8d9afcee095b29ff941b01887f01a959cc1

Summary:

• Yangzijiang Shipbuilding Holdings (YZJSH) maintains a substantial outstanding orderbook of USD23.2 billion as of May 22, 2025, with 74% of this value stemming from clean-energy vessels.
• The company is on track with its vessel delivery schedule for 2025, having completed 38% of the year's scheduled deliveries (21 out of 56 vessels) on time.
• Year-to-date order wins stand at USD0.29 billion, which is below the FY2025 target of USD6.00 billion, primarily due to shipowners adopting a "wait-and-see" approach amidst the current macroeconomic climate and an emerging preference for smaller containerships.
• YZJSH's shipbuilding segment has seen improved profitability, particularly from its focus on higher-end gas carriers through YAMIC, and its orderbook diversifies across containerships, various gas carriers, and oil tankers.
• Strategically, the Group is planning a second capacity expansion to capitalize on long-term ESG-driven growth trends and is advancing ongoing projects such as the Hongyuan LNG Terminal and LNG storage tank facilities.