Singapore-listed Yangzijiang Shipbuilding may have delivered fewer ships in 2022 than it did in the preceding year, but the higher value of these vessels had a far more positive impact on its bottom line.

Yangzijiang reported revenue of CNY 24.1bn ($334.7m) for the 2023 financial year, a 16.5% increase over the same period in 2022.

Earnings rose by 57% to CNY 4.1bn