Yangzijiang Shipbuilding (Holdings) Ltd (Yangzijiang) is a shipbuilding company founded in 1956 and based out of Jingjiang, Taizhou, China.
Yangzijiang produces a broad range of commercial vessels such as containerships, bulk carriers and LNG vessels. The company's shipbuilding bases are strategically located along the Yangtze River, with subsidiaries including: Jiangsu New Yangzi Shipbuilding Co Ltd (New Yangzi); Jiangsu Yangzi Xinfu Shipbuilding Co Ltd (Xinfu); Jiangsu Yangzijiang Shipbuilding Co Ltd (Jiangsu Yangzijiang); Jiangsu Yangzijiang Offshore Engineering Co Ltd (JYOEC).
Yangzijiang has three large drydocks and three large and medium size slipways, with annual shipbuilding capacity of over 6 million deadweight tons. The main products include medium and large size of container vessels, bulk carriers, oil and chemical tankers , LNG, LEG, LPG carriers, multi-purpose vessels, offshore vessels.
In September 2018, the company entered into a 51:49 joint venture to build LNG carriers with Mitsui E&S Shipbuilding and Mitsui & Co Ltd. The collaboration involves building commercial vessels, especially liquefied natural gas (LNG) carriers, Yangzijiang's Taicang yard in Jiangsu, China.
Yangzijiang Shipbuilding (Holdings) Ltd is listed on the Singapore Exchange (SGX) under the code BS6.
Shipbuilding - The principal activities of shipbuilding segment are that of shipbuilding, offshore marine equipment construction and ship design. For the year end 31 December 2019, the shipbuilding segment accounted for 55.17% (RMB 13,019 million) of total revenue.
Trading - The principal activities of trading segment consist of trading of goods. For the year end 31 December 2019, the trading segment accounted for 32.76% (RMB 7,731 million) of total revenue.
Investments - The principal activities of investment segment consist of micro-financing and debt investments at amortised cost (2017: financial assets at held-to-maturity) and other investments. For the year end 31 December 2019, the investments segment accounted for 8.89% (RMB 2,099 million) of total revenue.
Other - Other segments include ship demolition and vessel owning companies, which the company does not identify as reportable operating segments. For the year end 31 December 2019, other segments accounted for 3.17% (RMB 749 million) of total revenue.
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