Songfa Shares released its first-half results, with net profit attributable to shareholders of the listed company reaching 3.609 billion yuan, up 457.67 percent year on year. The company achieved operating revenue of 23.504 billion yuan in the first half, up 251.87 percent year on year, while net profit after deducting non-recurring items came to 3.514 billion yuan, up 2,935.31 percent. The revenue growth was mainly driven by a substantial increase in the number of ships under construction and construction input, coupled with strong demand in the global ship market, sufficient orders on hand, and stable deliveries. During the reporting period, the company newly undertook orders for 207 ships, exceeding the full-year 2025 total of 115 ships and setting new records for both order scale and ship-type diversification at a single global shipyard. The order structure included 94 oil tankers, 56 container ships, 49 bulk carriers, and 8 very large ammonia carriers, with container ships and oil tankers together accounting for more than 72 percent. According to Clarksons data, global new ship orders in the first half totaled 42.95 million compensated gross tons, up 66 percent year on year; measured in deadweight tons, they reached 137.473 million deadweight tons, a sharp increase of 125.7 percent year on year, the highest on record for the same period. Hengli Heavy Industry undertook 46 newbuilding orders in July alone, with annual steel processing capacity already reaching 3 million tons and annual production of 300 marine engines. Many shipyards have order schedules extending basically beyond 2030, and fleet renewal plus tightening environmental regulations will continue to support newbuilding demand.
Guangdong Songfa Ceramics CoFirst-half net profit surged 457.67% on strong global ship demand and record orders.
