YZJ Shipbldg CNY SO7

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Financials

Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025

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9 tables

Consolidated Statement of Comprehensive Income

30 metrics

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Consolidated Statement of Comprehensive Income from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Group2024Group Source
RevenueRMB’000 28,504,82026,541,716 PDF p. 66
Cost of salesRMB’000 (18,743,847)(18,933,569) PDF p. 66
Gross profitRMB’000 9,760,9737,608,147 PDF p. 66
Other income
– InterestRMB’000 850,482735,144 PDF p. 66
– OthersRMB’000 102,67259,034 PDF p. 66
Other gains – netRMB’000 51,652161,490 PDF p. 66
Administrative expenses
– Reversal of impairment loss on financial assets – netRMB’000 39,98942,175 PDF p. 66
– Impairment loss on investment propertyRMB’000 –(180,865) PDF p. 66
– OthersRMB’000 (874,643)(681,977) PDF p. 66
Administrative expenses subtotal
SubtotalRMB’000 (834,654)(820,667) PDF p. 66
Expenses
– FinanceRMB’000 (115,420)(118,772) PDF p. 66
Share of profits of associated companies and joint venturesRMB’000 860,867558,975 PDF p. 66
Profit before income taxRMB’000 10,676,5728,183,351 PDF p. 66
Income tax expenseRMB’000 (2,044,680)(1,549,088) PDF p. 66
Profit for the yearRMB’000 8,631,8926,634,263 PDF p. 66
Profit attributable to
Equity holders of the CompanyRMB’000 8,637,0766,633,616 PDF p. 66
Non-controlling interestsRMB’000 (5,184)647 PDF p. 66
Profit attributable subtotal
SubtotalRMB’000 8,631,8926,634,263 PDF p. 66
Other comprehensive income
Profit for the yearRMB’000 8,631,8926,634,263 PDF p. 67
Cash flow hedges
– Fair value gainsRMB’000 187,75521,949 PDF p. 67
– ReclassificationRMB’000 (154,589)94,903 PDF p. 67
Share of other comprehensive income from associate and JV
– Currency translation gains – netRMB’000 3,0912,137 PDF p. 67
Currency translation differences arising from consolidation
– (Losses)/gainsRMB’000 (20,677)9,981 PDF p. 67
– ReclassificationRMB’000 (22,649)(56,701) PDF p. 67
Items not subsequently reclassified to profit or loss
Currency translation losses attributable to non-controlling interestsRMB’000 (585)(2,393) PDF p. 67
Other comprehensive (loss)/income, net of taxRMB’000 (7,654)69,876 PDF p. 67
Total comprehensive incomeRMB’000 8,624,2386,704,139 PDF p. 67
Total comprehensive income attributable to
Equity holders of the CompanyRMB’000 8,630,0076,705,885 PDF p. 67
Non-controlling interestsRMB’000 (5,769)(1,746) PDF p. 67
Total comprehensive income attributable subtotal
SubtotalRMB’000 8,624,2386,704,139 PDF p. 67
Definitions & sources

Original report: PDF p. 66 ↗ PDF p. 67 ↗

Earnings per share attributable to equity holders of the Company

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Earnings per share attributable to equity holders of the Company from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Group2024Group Source
Earnings per share (RMB cents per share)
– Basic and dilutedRMB cents per share 219.23167.91 PDF p. 67
Definitions & sources

Original report: PDF p. 67 ↗

Balance Sheets – Group

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Balance Sheets – Group from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Group2024Group Source
Current assets
Cash and cash equivalentsRMB’000 20,075,70128,119,740 PDF p. 68
Restricted cashRMB’000 6,068,48919,997 PDF p. 68
Derivative financial instrumentsRMB’000 57,113– PDF p. 68
Financial assets, at fair value through profit or lossRMB’000 12,52916,022 PDF p. 68
Trade and other receivablesRMB’000 7,923,0676,270,165 PDF p. 68
InventoriesRMB’000 3,557,8541,876,400 PDF p. 68
Contract assetsRMB’000 5,580,8275,843,093 PDF p. 68
Current assets subtotal
SubtotalRMB’000 43,275,58042,145,417 PDF p. 68
Non-current assets
Financial assets, at fair value through profit or lossRMB’000 3002,300 PDF p. 68
Trade and other receivablesRMB’000 963,8461,351,567 PDF p. 68
Investments in joint venturesRMB’000 1,447,388908,115 PDF p. 68
Investments in associated companiesRMB’000 1,097,66658,594 PDF p. 68
Investment propertyRMB’000 2,249,3161,983,500 PDF p. 68
Property, plant and equipmentRMB’000 9,084,5417,863,368 PDF p. 68
Intangible assetsRMB’000 20,84121,249 PDF p. 68
Deferred income tax assetsRMB’000 194,369222,215 PDF p. 68
Non-current assets subtotal
SubtotalRMB’000 15,058,26712,410,908 PDF p. 68
Total assetsRMB’000 58,333,84754,556,325 PDF p. 68
Current liabilities
Trade and other payablesRMB’000 3,791,5794,319,720 PDF p. 68
Contract liabilitiesRMB’000 13,140,23814,320,166 PDF p. 68
Derivative financial instrumentsRMB’000 65,304219,094 PDF p. 68
BorrowingsRMB’000 5,500,0004,500,000 PDF p. 68
Current income tax liabilitiesRMB’000 1,293,083872,134 PDF p. 68
ProvisionsRMB’000 750,205653,271 PDF p. 68
Current liabilities subtotal
SubtotalRMB’000 24,540,40924,884,385 PDF p. 68
Non-current liabilities
Other payablesRMB’000 318,468– PDF p. 68
Derivative financial instrumentsRMB’000 –11,350 PDF p. 68
BorrowingsRMB’000 –2,300,000 PDF p. 68
Deferred income tax liabilitiesRMB’000 1,217,148983,461 PDF p. 68
Non-current liabilities subtotal
SubtotalRMB’000 1,535,6163,294,811 PDF p. 68
Total liabilitiesRMB’000 26,076,02528,179,196 PDF p. 68
NET ASSETSRMB’000 32,257,82226,377,129 PDF p. 68
Equity attributable to equity holders
Share capitalRMB’000 7,361,9907,361,990 PDF p. 68
Treasury sharesRMB’000 (285,966)(127,753) PDF p. 68
Other reservesRMB’000 1,739,5311,417,238 PDF p. 68
Retained earningsRMB’000 23,326,35917,626,477 PDF p. 68
Equity attributable to equity holders subtotal
SubtotalRMB’000 32,141,91426,277,952 PDF p. 68
Non-controlling interestsRMB’000 115,90899,177 PDF p. 68
Total equityRMB’000 32,257,82226,377,129 PDF p. 68
Definitions & sources

Original report: PDF p. 68 ↗

Balance Sheets – Company

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Balance Sheets – Company from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Company2024Company Source
Current assets
Cash and cash equivalentsRMB’000 47,074115,443 PDF p. 69
Trade and other receivablesRMB’000 11,355,5107,013,554 PDF p. 69
Current assets subtotal
SubtotalRMB’000 11,402,5847,128,997 PDF p. 69
Non-current assets
Trade and other receivablesRMB’000 4,803,9775,607,691 PDF p. 69
Investments in subsidiariesRMB’000 10,029,4709,510,713 PDF p. 69
Investments in joint venturesRMB’000 303,011309,327 PDF p. 69
Investments in associated companiesRMB’000 855,172134,062 PDF p. 69
Non-current assets subtotal
SubtotalRMB’000 15,991,63015,561,793 PDF p. 69
Total assetsRMB’000 27,394,21422,690,790 PDF p. 69
Current liabilities
Other payablesRMB’000 308,3941,174,468 PDF p. 69
Current income tax liabilitiesRMB’000 60,5025,584 PDF p. 69
Current liabilities subtotal
SubtotalRMB’000 368,8961,180,052 PDF p. 69
Non-current liabilities
Other payablesRMB’000 36,731– PDF p. 69
Deferred income tax liabilitiesRMB’000 144,31576,058 PDF p. 69
Non-current liabilities subtotal
SubtotalRMB’000 181,04676,058 PDF p. 69
Total liabilitiesRMB’000 549,9421,256,110 PDF p. 69
NET ASSETSRMB’000 26,844,27221,434,680 PDF p. 69
Equity
Share capitalRMB’000 7,326,7737,326,773 PDF p. 69
Treasury sharesRMB’000 (285,966)(127,753) PDF p. 69
Other reservesRMB’000 180,637180,637 PDF p. 69
Retained earningsRMB’000 19,622,82814,055,023 PDF p. 69
Total equityRMB’000 26,844,27221,434,680 PDF p. 69
Definitions & sources

Original report: PDF p. 69 ↗

Consolidated Statement of Changes in Equity – 2025

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Consolidated Statement of Changes in Equity – 2025 from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Group: Share capital2025Group: Treasury shares2025Group: Statutory reserve2025Group: Hedging reserve2025Group: Currency translation reserve2025Group: Other reserves2025Group: Retained earnings2025Group: Equity holders’ total2025Group: Non-controlling interests2025Group: Total equity Source
Opening equity
As at 1 January 2025RMB’000 7,361,990(127,753)4,028,378(33,166)130,531(2,708,505)17,626,47726,277,95299,17726,377,129 PDF p. 70
Comprehensive income
Profit/(loss) for the yearRMB’000 ––––––8,637,0768,637,076(5,184)8,631,892 PDF p. 70
Other comprehensive income/(loss) for the yearRMB’000 –––33,166(40,235)––(7,069)(585)(7,654) PDF p. 70
Total comprehensive income/(loss) for the yearRMB’000 –––33,166(40,235)–8,637,0768,630,007(5,769)8,624,238 PDF p. 70
Transactions with owners
DividendsRMB’000 ––––––(2,607,832)(2,607,832)–(2,607,832) PDF p. 70
Purchase of treasury sharesRMB’000 –(158,213)–––––(158,213)–(158,213) PDF p. 70
Capital injection by non-controlling interest of a subsidiaryRMB’000 ––––––––22,50022,500 PDF p. 70
TransferRMB’000 ––329,362–––(329,362)––– PDF p. 70
Total transactions with owners, recognised directly in equityRMB’000 –(158,213)329,362–––(2,937,194)(2,766,045)22,500(2,743,545) PDF p. 70
Closing equity
As at 31 December 2025RMB’000 7,361,990(285,966)4,357,740–90,296(2,708,505)23,326,35932,141,914115,90832,257,822 PDF p. 70
Definitions & sources

Original report: PDF p. 70 ↗

Consolidated Statement of Changes in Equity – 2024

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Consolidated Statement of Changes in Equity – 2024 from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2024Group: Share capital2024Group: Treasury shares2024Group: Statutory reserve2024Group: Hedging reserve2024Group: Currency translation reserve2024Group: Other reserves2024Group: Retained earnings2024Group: Equity holders’ total2024Group: Non-controlling interests2024Group: Total equity Source
Opening equity
As at 1 January 2024RMB’000 7,361,990(127,753)3,782,985(150,018)175,114(2,685,846)12,584,08120,940,553202,39721,142,950 PDF p. 71
Comprehensive income
Profit for the yearRMB’000 ––––––6,633,6166,633,6166476,634,263 PDF p. 71
Other comprehensive income/(loss) for the yearRMB’000 –––116,852(44,583)––72,269(2,393)69,876 PDF p. 71
Total comprehensive income/(loss) for the yearRMB’000 –––116,852(44,583)–6,633,6166,705,885(1,746)6,704,139 PDF p. 71
Transactions with owners
DividendsRMB’000 ––––––(1,345,827)(1,345,827)–(1,345,827) PDF p. 71
Acquisition of the non-controlling interests of a subsidiaryRMB’000 –––––(22,659)–(22,659)(116,880)(139,539) PDF p. 71
Dissolution of subsidiaryRMB’000 ––––––––(31,594)(31,594) PDF p. 71
Capital injection by non-controlling interest of a subsidiaryRMB’000 ––––––––47,00047,000 PDF p. 71
TransferRMB’000 ––245,393–––(245,393)––– PDF p. 71
Total transactions with owners, recognised directly in equityRMB’000 ––245,393––(22,659)(1,591,220)(1,368,486)(101,474)(1,469,960) PDF p. 71
Closing equity
As at 31 December 2024RMB’000 7,361,990(127,753)4,028,378(33,166)130,531(2,708,505)17,626,47726,277,95299,17726,377,129 PDF p. 71
Definitions & sources

Original report: PDF p. 71 ↗

Consolidated Statement of Cash Flows

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Consolidated Statement of Cash Flows from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Group2024Group Source
Operating activities
Profit for the yearRMB’000 8,631,8926,634,263 PDF p. 72
Adjustments
– Income tax expenseRMB’000 2,044,6801,549,088 PDF p. 72
– Depreciation of property, plant and equipmentRMB’000 525,358433,202 PDF p. 72
– Depreciation of investment propertyRMB’000 10523,463 PDF p. 72
– Amortisation of intangible assetsRMB’000 4,4214,602 PDF p. 72
– Finance expensesRMB’000 115,420118,772 PDF p. 72
– Gain on disposal of property, plant and equipmentRMB’000 (86,700)(28,302) PDF p. 72
Adjustments — Fair value change on
• derivative financial instrumentsRMB’000 (1,364)– PDF p. 72
• financial assets at fair value, through profit or lossRMB’000 (2,687)23,252 PDF p. 72
Adjustments
– Impairment loss on Investment propertyRMB’000 –180,865 PDF p. 72
– Interest incomeRMB’000 (850,482)(735,144) PDF p. 72
– Dividend incomeRMB’000 (296)(539) PDF p. 72
– Share of profits of associated companies and joint venturesRMB’000 (860,867)(558,975) PDF p. 72
Operating activities subtotal
SubtotalRMB’000 9,519,4807,644,547 PDF p. 72
Changes in working capital
– InventoriesRMB’000 (1,660,876)(911,701) PDF p. 72
– Contract balancesRMB’000 (1,099,531)7,519,588 PDF p. 72
– Trade and other receivablesRMB’000 (1,426,851)(1,250,599) PDF p. 72
– Trade and other payablesRMB’000 (351,524)300,494 PDF p. 72
– ProvisionsRMB’000 96,934209,496 PDF p. 72
– Restricted cashRMB’000 19,908(11,472) PDF p. 72
Operating activities
Cash generated from operationsRMB’000 5,097,54013,500,353 PDF p. 72
Interest paidRMB’000 (115,420)(118,772) PDF p. 72
Interest receivedRMB’000 850,482735,144 PDF p. 72
Income tax paidRMB’000 (1,368,052)(1,155,654) PDF p. 72
Net cash provided by operating activitiesRMB’000 4,464,55012,961,071 PDF p. 72
Investing activities
Proceeds from sales of property, plant and equipmentRMB’000 272,03299,747 PDF p. 73
Proceeds from partial disposal of investment in a joint ventureRMB’000 100,774– PDF p. 73
Proceeds from sales of financial assets at fair value through profit or lossRMB’000 8,1804,020 PDF p. 73
Dividend received from financial assets at fair value through profit or lossRMB’000 296539 PDF p. 73
Dividend received from a joint ventureRMB’000 158,528315,315 PDF p. 73
Dividend received from an associated companyRMB’000 10,360– PDF p. 73
Additions to property, plant and equipmentRMB’000 (1,952,959)(1,056,461) PDF p. 73
Additions to investment propertyRMB’000 (181,105)(40,829) PDF p. 73
Acquisition of a subsidiary, net of cash acquiredRMB’000 –(19,388) PDF p. 73
Acquisition of intangible assetsRMB’000 (4,013)(4,672) PDF p. 73
Investment in an associated companyRMB’000 (833,051)– PDF p. 73
Return of capital by an associated companyRMB’000 5,814– PDF p. 73
Loan to non-related partiesRMB’000 (22,500)(447,000) PDF p. 73
Repayment of loan by/(loan to) an associated company – netRMB’000 20,000(20,000) PDF p. 73
Repayment of loan by a non-related partyRMB’000 4,000– PDF p. 73
Increase in restricted cashRMB’000 (6,068,400)– PDF p. 73
Net cash used in investing activitiesRMB’000 (8,482,044)(1,168,729) PDF p. 73
Financing activities
Purchase of treasury sharesRMB’000 (158,213)– PDF p. 73
Proceeds from bank borrowingsRMB’000 2,250,0005,550,000 PDF p. 73
Repayments of bank borrowingsRMB’000 (3,550,000)(4,344,571) PDF p. 73
Capital injection by non-controlling interestsRMB’000 22,50047,000 PDF p. 73
Acquisition of non-controlling interestsRMB’000 –(139,539) PDF p. 73
Principal payment of lease liabilitiesRMB’000 –(350) PDF p. 73
Dividends paid to equity holdersRMB’000 (2,607,832)(1,345,827) PDF p. 73
Loan from an associated companyRMB’000 17,000– PDF p. 73
Net cash used in financing activitiesRMB’000 (4,026,545)(233,287) PDF p. 73
Cash reconciliation
Net (decrease)/increase in cash and cash equivalentsRMB’000 (8,044,039)11,559,055 PDF p. 73
Cash and cash equivalents at beginning of financial yearRMB’000 28,119,74016,560,685 PDF p. 73
Cash and cash equivalents at end of financial yearRMB’000 20,075,70128,119,740 PDF p. 73
Definitions & sources

Original report: PDF p. 72 ↗ PDF p. 73 ↗

Five-year Financial Highlights

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Five-year Financial Highlights from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2025Group2024Group2023Group2022Group2021Group Source
Results
RevenueRMB’000 28,504,82026,541,71624,112,33020,705,07615,137,154 PDF p. 5
Gross profitRMB’000 9,760,9737,608,1475,410,2533,197,1982,084,327 PDF p. 5
Other incomeRMB’000 953,154794,178577,891454,626436,344 PDF p. 5
Other gains/(losses)RMB’000 51,652161,490(328,184)233,110958,719 PDF p. 5
Net profit from continuing operationsRMB’000 8,637,0766,633,6164,101,5482,612,9041,971,192 PDF p. 5
Net profit from discontinued operationsRMB’000 –––194,5761,727,440 PDF p. 5
Net profit attributable to shareholdersRMB’000 8,637,0766,633,6164,101,5482,807,4803,698,632 PDF p. 5
Basic EPS (RMB cents)RMB cents per share 219.23167.91103.8271.2595.79 PDF p. 5
Financial position
Total assetsRMB’000 58,333,84754,556,32540,864,32732,967,10351,612,264 PDF p. 5
Shareholders’ equityRMB’000 32,141,91426,277,95220,940,55317,573,13135,923,416 PDF p. 5
Cash and cash equivalentsRMB’000 20,075,70128,119,74016,560,68510,778,39312,363,193 PDF p. 5
Net asset value per ordinary shares (RMB cents)RMB cents per share 816.70665.17530.06444.82915.62 PDF p. 5
Market highlights
Dividends (Singapore dollar)Singapore dollars per share 0.2000.1200.0650.050.05 PDF p. 5
Share price at Period End (Singapore dollar)Singapore dollars per share 3.4802.9901.4901.3601.340 PDF p. 5
Payout ratio% 5038343625 PDF p. 5
P/Etimes 8.669.487.729.896.71 PDF p. 5
P/Btimes 2.332.391.511.580.69 PDF p. 5
Dividend yield% 5.754.014.363.683.73 PDF p. 5
No. of shares (’000)’000 shares 3,935,5893,950,5893,950,5893,950,5893,923,414 PDF p. 5
Definitions & sources

Original report: PDF p. 5 ↗

The table lists years 2025, 2024, 2023, 2022, 2021 in that order. The market-data metrics on this page use their separately printed units.

Twelve-year Financial Highlights Charts

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Twelve-year Financial Highlights Charts from Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025
Metric / unit 2014Group financial highlights2015Group financial highlights2016Group financial highlights2017Group financial highlights2018Group financial highlights2019Group financial highlights2020Group financial highlights2021Group financial highlights2022Group financial highlights2023Group financial highlights2024Group financial highlights2025Group financial highlights Source
Financial highlights
RevenueRMB million 15,35416,01415,08919,20623,23823,59714,84115,13720,70524,11226,54228,505 PDF p. 4
Net profit attributable to shareholdersRMB million 3,7272,6621,9992,8483,0703,1052,5163,6992,8074,1026,6348,637 PDF p. 4
Dividend chart
Dividend per shareSingapore cents per share 5.54.54.04.55.04.54.55.05.06.512.020.0 PDF p. 4
Dividend payout ratio% 283037303229342536343850 PDF p. 4
Definitions & sources

Original report: PDF p. 4 ↗

Revenue from FY2021 onwards relates to continuing operations only.

Net profit attributable to shareholders for FY2021 and FY2022 relates to profit from continuing and discontinued operations.

The chart page is preserved in evidence-images/yangzijiang-fy2025-p4.png; corresponding bbox XML is evidence-xml/yangzijiang-fy2025-p4-p5.xml.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Yangzijiang Shipbuilding (Holdings) Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Statements retain Group and Company scope and RMB thousands; highlights retain their printed RMB millions, RMB cents and Singapore-dollar dividend units. Five-year figures cover 2021–2025; the twelve-year charts cover2014–2025.

Revenue from 2021 onward covers continuing operations only. Chart net profit in 2021/2022 includes discontinued operations; five-year highlights separate continuing and discontinued profit.

The report discloses consolidated income, equity movements and cash flow, and Group/Company balance sheets. Separate Company income, equity movements and cash flow are not presented in this source.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.