On August 6, 2026, Yangzijiang Shipbuilding Group released its financial results for the first half of 2026. During this period, the group secured new orders for 38 vessels valued at US$1.75 billion (approximately RMB 11.8 billion) and delivered 27 vessels, achieving 47% of its annual delivery target of 58 vessels. It recorded operating revenue of RMB 17.5 billion, a year-on-year increase of 36.2%, and a net profit of RMB 5.4 billion, up 28.4% year-on-year.
As of June 30, 2026, Yangzijiang Shipbuilding held an orderbook totaling 256 vessels (8.67 million CGT) with a value of approximately US$22.4 billion (approximately RMB 151.2 billion), with delivery schedules extending to 2030. The orderbook features a diverse vessel mix, comprising 151 container ships, 41 oil tankers, 37 bulk carriers, and 27 gas carriers.
In terms of revenue, in the first half of 2026, Yangzijiang Shipbuilding’s operating income and profitability both hit record highs. Thanks to the strong growth of the group’s shipbuilding business, during the reporting period, it achieved operating income of RMB 17.5 billion, a year-on-year increase of 36.2%. The core shipbuilding business accounted for approximately 94% of total revenue in the first half of the year; gross profit was RMB 6.3 billion, a year-on-year increase of 42.8%; net profit was 5.4 billion yuan, a year-on-year increase of 28.4%.
Specifically, Yangzijiang Shipbuilding’s shipbuilding division recorded revenue of RMB 16.5 billion (approximately US$2.445 billion) for the first half of 2026, a 34.8% increase year-on-year (compared to RMB 12.2 billion). This growth was driven by the commencement of work on new vessel projects secured at higher prices during earlier periods, as well as an increasingly optimized product mix featuring vessels such as ultra-large container ships and ultra-large ethane carriers. The company noted that the commencement of operations at the Yangzi Hongyuan shipbuilding was another factor contributing to the revenue growth during the reporting period, with the yard recognizing revenue of RMB 545 million in the second quarter of 2026.
In the shipping segment, Yangzijiang Shipbuilding recorded revenue of RMB 585.4 million during the reporting period, a year-on-year increase of 14.5% driven by rising charter rates; gross profit stood at RMB 205.4 million, up 57.4% year-on-year; and the gross profit margin was 35.1%, an increase of 9.6 percentage points year-on-year.
The specific data are as follows:
Order backlog: 256 vessels / valued at US$22.4 billion
Based on the earnings report, as of June 30, 2026, Yangzijiang Shipbuilding had a backlog of 256 vessels with a total value of US$22.4 billion, with delivery dates ranging from 2026 to 2030; container ships accounted for the largest share of the orders. By vessel type:
The orderbook for container ships stands at 151 vessels (6.04 million CGT) valued at US$16.48 billion, comprising: nine 24,000 TEU LNG dual-fuel container ships, twenty-eight 17,000 TEU LNG dual-fuel container ships, six 13,000 TEU LNG dual-fuel container ships, ten 9,000 TEU LNG dual-fuel container ships, eleven 13,000 TEU methanol dual-fuel container ships, nine 9,000 TEU methanol dual-fuel container ships, two 11,800 TEU container ships, seven 8,000 TEU container ships, seven 5,900 TEU container ships, two 4,488 TEU container ships, four 4,300 TEU container ships, four 3,100 TEU container ships, four 3,000 TEU container ships, six 2,900 TEU container ships, eight 1,900 TEU container ships, five 1,800 TEU container ships, ten 1,700 TEU container ships, and nineteen 1,100 TEU container ships.
The tanker orderbook stands at 41 vessels (1.1 million CGT) valued at US$2.09 billion, comprising four 39,000 DWT MR product tankers, three 40,000 DWT MR product tankers, twelve 50,000 DWT MR product tankers, four 74,000 DWT LR1 product tankers, and eighteen 75,000 DWT LR1 product tankers.
The orderbook for LPG, LEG, VLEC, and VLAC carriers totals 27 vessels (700,000 CGT) valued at US$2.42 billion, comprising three 25,000 cbm LPG carriers, twelve 40,000 cbm LPG carriers, two 48,000 cbm LPG carriers, six 88,000 cbm VLACs, and four 100,000 cbm VLECs.
The orderbook for bulk carriers stands at 37 vessels (830,000 CGT) valued at US$1.41 billion, comprising one 32,000 DWT bulk carrier, three 45,000 DWT bulk carriers, eight 71,000 DWT bulk carriers, one 80,000 DWT bulk carrier, fourteen 82,500 DWT bulk carriers, nine 83,000 DWT bulk carriers, and one 83,300 DWT combination bulk carrier.
New orders for 38 vessels worth US$1.75 billion signed in the first half of the year.
In the first half of 2026, Yangzijiang Shipbuilding secured new orders for a total of 38 vessels valued at US$1.75 billion, comprising 25 container ships, 10 tankers, 2 gas carriers, and 1 bulk carrier.
The 25 container ships comprise ten 1,100 TEU vessels, eight 1,900 TEU vessels, and seven 5,900 TEU vessels; the 10 tankers consist of six 50,000 DWT MR product tankers and four 75,000 DWT LR1 product tankers; additionally, the order includes one 83,000 DWT bulk carrier and two 88,000 cbm VLACs.
Separately, in July 2026, Yangzijiang Shipbuilding secured new shipbuilding orders worth US$200 million, comprising two 50,000 DWT MR product tankers and two 75,000 DWT LR1 product tankers.
Yangzijiang Shipbuilding stated that delivery slots for 2029 are nearly fully booked and order intake for 2030 deliveries has commenced. Negotiations for multiple potential orders are proceeding smoothly, laying a solid foundation for achieving the US$4.5 billion order intake target for the 2026 fiscal year, and the company remains optimistic about meeting its annual order intake goal.
27 vessels delivered in six months
During the reporting period, Yangzijiang Shipbuilding delivered a total of 27 vessels, comprising 4 container ships, 13 bulk carriers, 1 gas carrier, and 9 oil tankers. For 2026, the company plans to deliver 58 vessels, with approximately 47% of the deliveries scheduled for the first half of the year.
Regarding its shipping operations, in the first half of 2026, Yangzijiang Shipbuilding sold a total of six vessels (three 92,500 DWT bulk carriers, two 52,000 DWT bulk carriers, and one 1,800 TEU container ship) and added one 82,000 DWT bulk carrier to its fleet.
As of the end of June, Yangzijiang Shipbuilding operated a fleet of 28 vessels with an average age of nine years and a total capacity of 1,858,800 deadweight tons (DWT), comprising 25 bulk carriers, two stainless-steel chemical tankers, and one multipurpose vessel.
Looking ahead, Yangzijiang Shipbuilding stated that it would continue to uphold a philosophy of prudent management, align closely with trends toward green and intelligent development, and deepen its focus on its core business of high-end shipbuilding. With the successful commencement of operations at Yangzi Hongyuan and the steady progress of the Yangzi Hongda project, the company’s business structure and production capacity layout will be further optimized and unlocked. The Group remains committed to rigorous product quality control and strict adherence to contractual obligations to ensure on-time vessel delivery. By continuously enhancing operational efficiency and the quality of earnings, the Group aims to drive high-quality, sustainable corporate development and create greater value for all shareholders.