Yangzijiang Shipbuilding (YZJ) saw its stock price surge 2.6% trading on Tuesday, following the announcement of impressive 2024 financial results and a substantial dividend increase. The Singapore-listed shipbuilder's strong performance and shareholder-friendly actions have sparked investor enthusiasm.

YZJ reported a stellar set of earnings for 2024, with revenue climbing 10.1% year on year to RMB 26.5 billion. More impressively, the company's net profit soared by 61.7% year on year to RMB 6.6 billion, showcasing significant improvement in profitability. In response to these robust results, YZJ's board has approved an 84.6% increase in the final dividend, raising it from S$0.065 to S$0.12 per share.

The shipbuilder's future outlook appears bright, with a record order book of US$24.4 billion at the end of 2024, representing a 68% increase from the previous year. YZJ also reported total order wins of US$14.6 billion for 2024, more than tripling its initial target of US$4.5 billion. This strong order book provides clear visibility for future revenue and underscores the company's competitive position in the global shipbuilding industry. As investors digest these positive developments, the pre-market stock surge reflects growing confidence in YZJ's business prospects and its commitment to delivering shareholder value.