Yangzijiang Shipbuilding Q4 Net Profit Surges 24%

Yangzijiang Shipbuilding Holdings Ltd YSHLF posted a 24% surge in its Q4 net profit. Yangzijiang Shipbuilding's quarterly net profit climbed to CNY1.04 billion, from CNY838.1 million, in the prior year. Analysts were expecting a net profit of CNY1.05 billion. Its revenue rose 21% to CNY5.24 billion, versus analysts' estimates of CNY3.74 billion. For the full year, Yangzijiang Shipbuilding net profit surged 35% to CNY3.98 billion. Its revenue jumped 16% to CNY15.71 billion.