Yangzijiang’s profit up 54% as newbuilding spikes and shipping activities surge

Singapore-listed Yangzijiang registered a spike in earnings in the second half of 2021, reporting a net profit of CNY 2.6bn ($327m), up 54% from the CNY 1.34bn of the same period in 2020.

For the full year, Yangzijiang's total revenue was CNY16.77bn, up 13% from a year ago, while its net profit was CNY 3.7bn, compared with CNY 2.52bn for 2020.