Full-year revenue was 23.2 billion yuan, up 21 per cent on higher volume of shipbuilding activities, higher trading volume, higher revenue from shipping logistics, chartering and ship design services, as well as additional revenue from Shanghai Huayuan Shipping Co, which was acquired last year and provides domestic shipping services.Total earnings per share was 91.34 RMB cents in 2018, up from 75.59 RMB cents in 2017.
YZJ Shipbuilding wrote in its outlook statement:"Despite the uncertainties associated with global economic growth and the trade tensions between US and China, research suggests some improvement in the fundamentals in the shipping and shipbuilding market in 2019.
In October last year, YZJ announced a shipbuilding joint venture with two Japanese shipbuilders, Mitsui E&S Shipbuilding and Mitsui & Co. The joint venture will be based in YZJ’s Taicang yard, and take growth prospects to the next level, said executive chairman Ren Yuanlin: “Our combined strengths in shipbuilding, technology and customer network will lay the foundation for a strong entity that caters to clients’ demand for high-tech, green vessels especially in the LNG carrier space."
Net asset value per share was 731.91 RMB cents as at end 2018, up from 652.2 RMB cents as at end 2017.
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