Ren Yuanlin-led YZJ booked a net profit of CNY 811.6($132.6m) in the three months to 30 June, down 8% on the same period of lastyear.
And with $1.1bn of orders secured in the first half, thefirm is on track to meet its 2013 target of $2.5bn while its “non-state-ownedpeers are dropping like flies”.
CIMB estimates the higher than expected shipbuildingperformance was also lifted by improved profit margins of as much as 15% comparedto the 5-10% previously anticipated.
YZJ
