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Yangzijiang delivers record half yearly earnings of RMB1.1 billion (05 Aug 09)
- Revenue: +41% (2Q09), +32% (1H09)
- Net Profit: +80% (2Q09), +54% (1H09)
- Press Release: Earnings for 1H2009 increased by 54% yoy, against a 32% increase in revenue to RMB4.6 billion
- Robust operating cash flows pushed the cash and cash equivalents to RMB5.8 billion on the balance sheet
- Order book stands at 139 vessels worth USD6.1 billion
- Outlook: The Board of Directors has recommended a dividend payout ratio of 30% of the Group’s attributable profits for FY2009, if applicable.
- Moving forward, the Group will closely monitor the financial health of its customers.
- However with a commanding cash position and a sizeable order book, the Board remains confident of continued growth in production and profitability for the FY2009.
FINANCIAL RECORDS
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 2,090,159 2,498,665
2008 1,694,065 1,772,648 2,023,895 1,868,488 7,359,096
2007 909,089 507,328 884,042 1,555,035 3,855,494
2006 441,558 563,495 517,610 802,321 2,324,984
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Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 483,271 607,368
2008 371,268 338,157 475,260 395,075 1,579,760
2007 183,489 145,893 224,715 315,412 869,509
2006 80,927 125,750 134,066 113,601 454,344
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 0.01 0.018 NA
2007 NA 0.01565 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (RMB)
NAV = $1.3966
EPS = $0.1671 (2Q FY09)
No of Shares = 3,653,283,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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