On April 5th, the listed companies released the financial report and related documents for 2020 with annual turnover of 60 billion RMB for its main business of shipbuilding.

45 ships

In 2020, affected by the Covid-19, the Group took relevant preventive measures, though the construction progress slowed down. 45 ships were still delivered as scheduled, among which most were large and medium-sized container ships and dry bulk carriers including three 12690TEU container ships,the largest container ships built and delivered by the Group at present.

2.6 billion RMB

The Group's net profit in 2020 was 2.6 billion RMB and those attributable to shareholders amounted to 2.5 billion RMB. Comparatively, much more container ships were built and delivered by the Group In 2020 which resulted in high profit. Combined with the resale of 157,000 tons of oil tankers, the gross profit margin of shipbuilding business increased by 6 percentage points year-on-year to 21%, and the gross profit of shipbuilding business was 2.1 billion RMB.

54 ships/$1.8 billion

As far as new order is concerned , 54 new ships in their order list with a value of USD 1.8 billion after facing all kinds of challenges by the Group in 2020. As of December 31, 2020, order-on-hand is 83 ships with a total value of USD 3.09 billion.

0.045 Singapore dollars

In 2020, the global spread of Covid-19 epidemic will pose great uncertainty to the world economy. Taking active measure, the Group has exerted its quick response ability and strong crisis handling ability to maintain a steady financial position. Dividends per share 0.045 Singapore dollars in 2020.

Since 2021, YZJ has received 60 orders for new ships, with a total value of about 3 billion US dollars, the biggest new ship orders in the past decade. Among them, most are container ships, including 43 orders with a value of USD 2.6 billion. These orders are expected to maintain the profit margin of the Group and ensure the production tasks in the next two years. Needless to mention about the option ships,if they are declared, order-on-hand will be increased accordingly.

Increase production capacity: restart Yangtze Changbo

In order to increase production capacity, the Group will resume the operation of Jiangsu Yangzi Changbo Shipbuilding in mid of 2021. The shipyard was shut down in 2012 due to the reduced ship orders in the past few years. In order to improve the efficiency of management, the Group integrated the construction business of Jiangsu Yangzi Changbo Shipyard with other three major shipyards.

Expanding LNG: building gas ship plus extending industrial chain

The Group intends to create more development opportunities by establishing strategic partnership. In August of 2019, Yangzi Mitsui Shipbuilding officially started operation. Taking advantage and making full use of the technical expertise of its partner, the Group continuously enhance the construction capacity of more complicated and technically challenging ships, such as oil tankers and liquefied natural gas (LNG) carriers. Looking ahead, the Group plans to further develop in the LNG field, seize the LNG market and the development opportunities of the LNG carrier, and expand the market share of medium-sized LNG carriers so as to further expand the customer base. In 2021, Jiangsu Runyuan Energy Co., Ltd. was established by the Group together with other related units to expand the LNG business and extend to the upstream industrial chain at a faster speed.