2月25日，中国最大民营造船企业扬子江船业集团公布了2025年度业绩。去年营业收入同比增长7.4%至285.05亿元；净利润创下历史新高，同比增长30.2% 至86.37亿元。综合毛利率达到34.2%，较上年上升5.5个百分点。 投资30亿打造的扬子泓远绿色高技术清洁能源船制造基地项目于去年2月19日正式开工建设，计划2027年上半年完工。据悉，该项目占地面积约1300亩， 建设30万吨级造船坞一座，20万吨级舾装码头一座，10万吨级港池一座，年生产能力约80万载重吨。 2026年，扬子江船业接单目标定为45亿元。1月23日承接首份新船订单，与意大利成品油船船东DIS签订2+2艘5万载重吨MR2型成品油船建造合同。2月23 日，与上海锦江航运旗下满强航运签署4艘1900 TEU支线集装箱船的建造合同，订单总价值1.19亿美元。 扬子江船业累计交付新船56艘（包括合资公司扬子三井造船YAMIC交付的11艘），实现既定交付目标。其中，油轮/化学品船28艘，集装箱船18艘，散货 船7艘，以及LNG（液化天然气）/LPG（液化石油气）船3艘。 坚持审慎的经营策略，全年新接订单60艘，包括14艘散货船（8艘71000载 ...

包括码头服务、贸易、船舶设计服务及投资物业在内的其他业务收入由2024年的8360万元人民币大幅上 升至5.38亿元人民币。增长主要来自贸易业务增加，尤其是向持股34%的联营企业舟山常石造船销售原 材料。 联营及合营企业利润贡献同比增长54.0%至8.61亿元人民币，主要受扬子三井造船盈利提升及集团于 2025年上半年投资舟山常石造船后新增利润贡献带动。 全年净利润86亿元创历史新高，手持订单超1500亿元——面对复杂多变的市场环境与行业竞争挑战，中 国最大民营船企扬子江船业集团以一份高质量增长的成绩单展现出龙头企业的战略定力与经营韧性。 2月25日，扬子江船业集团发布2025年度业绩公告。报告期内，集团收入与盈利双双创下历史新高。营 业收入同比增长7.4%至285亿元人民币；盈利能力实现显著跃升，净利润较上年同期增长30.2%达到86 亿元人民币，净利率提升至30.3%；毛利同比增长28.3%至97.6亿元人民币，毛利率提升5.5个百分点至 34.2%。过硬的业绩展现了公司强劲的发展韧性和坚实的经营根基。 扬子江船业收入增长主要受核心造船业务强劲表现带动。2025年，集团造船业务收入达268亿元人民 币，同 ...

Core Viewpoint - Yangtze River Shipbuilding (控股) Co., Ltd. reported a total revenue of 12.9 billion RMB for the first half of 2025, with a net profit attributable to shareholders increasing by 37% to 4.2 billion RMB, and a gross margin improvement of 7.8 percentage points to 34.5% [2][4]. Group 1: Financial Performance - The core shipbuilding segment generated revenue of 12.25 billion RMB, while the shipping segment's revenue decreased by 15.4% to 510 million RMB due to weakened charter rates [3]. - The net profit attributable to shareholders reached a record 4.2 billion RMB, with a gross profit of 4.4 billion RMB, reflecting a year-on-year growth of 27.6% [4]. - The profit share from joint ventures and associates increased by 79% to 481.4 million RMB, primarily contributed by Yangzi Mitsui Shipbuilding and Changshi Zhoushan [4]. Group 2: Order and Delivery Status - In the first half of the year, the company secured 14 new ship orders valued at 540 million USD, achieving only about 9% of its annual order target of 6 billion USD [4][5]. - As of June 30, the company held a backlog of 236 ships valued at 23.2 billion USD, with the furthest delivery scheduled for 2030 [4]. - The company delivered 23 new ships, representing approximately 41% of its annual target of 56 ships, with all projects progressing as planned [5]. Group 3: Industry Trends - Several leading shipbuilding companies have reported significant profit increases, driven by strong market demand and improved order structures [6][7]. - The global shipbuilding industry is facing short-term uncertainties due to macroeconomic factors and geopolitical tensions, but long-term demand remains supported by structural changes towards decarbonization [7][8]. - The International Maritime Organization (IMO) is advancing a net-zero emissions framework, which is expected to drive the adoption of alternative fuel vessels, with 55.5% of new orders in the first half of the year being for such ships [8].