On August 24, Xiamen Xiangyu Group Corporation (hereinafter referred to as “XMXYG Corp.”) officially released its semi-annual report for 2026. The report also disclosed order details for Nantong Xiangyu Shipbuilding & Offshore Engineering Co., Ltd. (Nantong Xiangyu SOE), the operating entity for the group’s shipbuilding business.
The report indicates that in the first half of 2026, Nantong Xiangyu SOE secured orders for 32 new vessels. With the completion of the upgrade and renovation of its Qidong base, the company saw a steady ramp-up in production capacity and improved delivery efficiency, resulting in the delivery of 14 vessels during the period.
As of the end of June 2026, Nantong Xiangyu SOE held an order backlog of 132 vessels. Cumulative orders for Ultramax bulk carriers exceeded 160, the company ranked first globally in orders for chemical tankers under 10,000 deadweight tons, and the proportion of high-value-added products in its portfolio increased.
Currently, Nantong Xiangyu SOE is expanding its product portfolio toward high-end and diversified offerings, extending from small- and medium-sized bulk carriers to large bulk carriers, specialized chemical tankers, multi-purpose heavy-lift vessels, and container ships; notably, the company secured its first order for container ships during the reporting period, marking a key breakthrough in this sector. Meanwhile, Nantong Xiangyu SOE is deepening its green and low-carbon transformation through the continued application of clean energy and energy-saving technologies—such as methanol-ready designs and rotor sails—and was recognized as a “National-level Green Factory” during the reporting period.
As the core revenue driver for the “integrated industry and trade” segment of Nantong Xiangyu SOE, the group’s shipbuilding arm—Nantong Xiangyu SOE—recorded operating revenue of RMB 4.796 billion (approximately USD 714 million) in the first half of 2026, a year-on-year increase of 50.24%. Gross profit stood at RMB 870 million (approximately USD 129 million), up 84.93% year-on-year, while the gross profit margin reached 18.15%, an increase of 3.4 percentage points compared to the same period last year.
Nantong Xiangyu SOE stated that, building on a significant boost in delivery capacity driven by expanded shipbuilding facilities, the company’s shipbuilding division will optimize R&D for higher value-added vessel types, refine lean management across the entire value chain, and solidify its leading edge in brand strength and profit margins.