Yangzijiang Shipbuilding - UOB Kay Hian 2025-02-28: Solid 2024 Results With Shipbuilding Margins The Highlight

• While news of the USTR’s proposal has impacted its share price, Yangzijiang Shipbuilding disclosed that it has not received any order deferrals or cancellations, with any costs relatively easy to pass on.
• - Read this at SGinvestors.io -

Strong results that beat our and consensus expectations.

• See Yangzijiang's announcements dated 26 Feb. Yangzijiang Shipbuilding reported revenue of RMB26.5b (+10.1% y-o-y) and PATMI of RMB6.6b (+62% y-o-y), driven by strong performance in both its shipbuilding and shipping segments. The highlight of the results was its 2H24 shipbuilding margin, which rose 3.8ppt sequentially to 29.7% (2024: 27.9%).
• - Read this at SGinvestors.io -
• A final dividend of S$0.12 was declared (+85% y-o-y), implying a 4.9% yield based on Yangzijiang's share price yesterday.

Unconcerned about the The United States Trade Representative (USTR)’s proposal.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-11-19 Yangzijiang Shipbuilding - Heading Into 2026 In A Position Of Strength.

Previous report by UOB:
2025-09-04 Yangzijiang Shipbuilding - Incrementally Bullish Orderbook Update.

Price targets by other brokers at Yangzijiang Target Prices.

Listing of research reports at Yangzijiang Analyst Reports.

Relevant links:
Yangzijiang Share Price History,
Yangzijiang Announcements,
Yangzijiang Dividend Payout Dates & Corporate Actions,
Yangzijiang News