Yangzijiang

Yangzijiang: In its AGM, YZJ was guiding how it remains committed to executing its plans to transform into an integrated marine group with diversified revenue streams, and how it has used the opportunity created by the down cycle to strengthen its capabilities and to foray into new businesses. In 2013, the Group re-organized and streamlined its business operations into five main segments: 1) Shipbuilding and Offshore, 2) Financial Investments, 3) Shipping Logistics and Chartering, 4) Ship Demolition, Steel Fabrication and 5) Property Development. While the Shipbuilding & Offshore and Financial Investments segments will remain as the largest revenue and profit contributors in the near future, the Group is also growing the other three business segments. The group aims to develop each segment into self-sustained units that create synergies for each other. Envisage non-core segments contributing 40% to Group revenue, while the contribution from Shipbuilding and Offshore Engineering will be about 60% in the long run.