Yangzijiang Shipbuilding reported a 28.4% year-on-year increase in net profit for the first half of 2026, reaching 5.4 billion yuan (US$800 million).
The Shanghai-listed shipbuilder attributed the growth to the delivery of higher-margin vessels, which drove earnings per share up to 136.4 fen from 106.02 fen in the same period last year.
HD Korea Shipbuilding saw its second-quarter net profit rise 73% year-on-year, while Daewoo E&C reported a more than 180% increase in the same period.
The results highlight the sustained strength in the global shipbuilding cycle, where order books remain full and pricing power has shifted decisively toward builders.
Yangzijiang’s performance mirrors a broader trend across the industry, as yards capitalize on rising freight rates and a surge in demand for specialized tonnage, particularly in the liquefied natural gas (LNG) segment.
This earnings beat aligns with recent reports from South Korean competitors, who have also posted significant profit jumps.
HD Korea Shipbuilding saw its second-quarter net profit rise 73% year-on-year, while Daewoo E&C reported a more than 180% increase in the same period.