Yangzijiang's executive chairman, Ren Yuanlin said recently that the recession in the global shipbuilding industry in 2010, at present has bottomed out, but the moment has not yet rebounded, and rebound can not be plain sailing.

On Wednesday, Ren Yuanlin, held in Singapore Yangzijiang half year results briefing said many shipyard continues to face a heavy debt pressure, the failure process of this year several Chinese shipyard that industry sorry.

"The Chinese government has always encouraged financial institutions to provide financial guarantees for a more stable and stronger shipyard, but even so, banks are reluctant to do so because they need to do their own risk assessment."

"From the surface, many of the closure of the shipyard seems to be because the bank did not provide financial support, in essence, because the market does not lead to the production of shipyard."

Yangzijiang's main building bulk carriers and container ships, under adverse market conditions remain profitable, Ren Yuanlin has successfully guided the company toward the right direction.

In the past few years, Ren Yuanlin size up the situation, at the start of the financial crisis in 2008 avoided the core of shipbuilding business, and in the middle of 2014 to refocus its shipbuilding business.

At the end of 2012, Yangzijiang announced its entry into the marine equipment market was hot, and the construction of a jack up drilling platform. However, Ren Yuanlin did not further the market for marine equipment. Facts have proved that he was right, at the end of last year, the marine equipment market came to a standstill, but the negative impact of Yangzijiang very small.

Due to the uncertainty of shipbuilding market prospects, on the Yangtze River shipping industry investment Rongsheng heavy industries have not been committed, said "rshi situation complex, because its scale is too large," previously, Yangzijiang said, if the acquisition of preferential terms, Yangzijiang will have hostile takeover Rongsheng heavy industries.

Yangzijiang have remained profitable, this year first half net profit for 17.4 billion yuan ($2.8019 billion), and 20.4 billion yuan last year, compared with a decline of 15%. Yangzijiang's first half operating income of 8750000000 yuan, an increase of 12%.

The second quarter of 2015, Yangzijiang total delivery of 11 new ships, compared to the same period last year increased 9 ships. Affected by this, the second quarter of the shipbuilding business revenue reached 3760000000 yuan, compared with the same period last year increased by 12%.

As of the end of June 2015, Yangzijiang handheld orders for 102 ship, worth $41.4 billion workload continues to the middle of 2017. 9 of the bulk cargo ship orders have been changed to the container ship orders, most of the changes have increased the amount of the contract, the total amount of orders for the second quarter of the total amount due to a change of 25400000 u..

This year in July to August, Yangzijiang obtained 4 ship 9700TEU container ships and vessels 3800 TEU Container ship orders, with a total value of $5.1 billion; in addition, alternative ship orders for the pen of the four ships, with a total value of also $5.1 billion.

Ren Yuanlin performance conference also said what important words:

The long-term downturn in the market has led many shipyard to face financial problems

"Although the first half of 2014, the shipbuilding industry was short-lived recovery, but in the past 2 quarters of the new ship orders again reduced. The long-term downturn in the market led to many of the shipyard is facing financial problems, and even some of the large shipyard can not be avoided. Yangzijiang always knew the challenge, and corresponding to the planning of product development, marketing, customer relationship and financial asset management aspects of the strategy. Therefore, although the market is in trouble, but Yangzijiang was able to maintain a stable financial situation."

Prepare to build a clean energy vessel

"In the first quarter, Yangzijiang received 2 27500 m3 LNG tanker, the ship entered the LNG market. At present, the project is progressing well, and it is consistent with the construction plan. Yangzijiang will do its utmost to ensure the success of the first show of LNG ship market. In addition, Yangzijiang also won the shipbuilding orders LNG powered boats and other clean energy, expand the product range, which is a part of the Yangtze River shipping industry development strategy. Yangzijiang the necessary investment, set up a special group to be responsible for the research and development of clean energy ship; marketing and other related preparatory work has also been from last year began. At present, the Yangtze River shipping industry is in talks with potential customers, orders after the signing will be officially started construction. Clean energy ship will become Yangzijiang existing diversified product structure is important one annulus, meet the needs of global shipbuilding market more widely. "

Only a deep understanding of the field of investment

"Since the first quarter of 2015, Yangzijiang has reduced the held to maturity investment, the future will continue to control the scale of such assets. At the same time, the Yangtze River shipping industry will continue to analyze the upstream and downstream business investment opportunities, investment through different ways. Yangzijiang invest only in-depth understanding of the field, by the specialized investment group supplemented by strict risk control system to manage. "

Company financial stability

"In the past few years, Yangzijiang achieved stable financial situation; thanks to the stable development of the shipbuilding core business, and prudent financial management, cash balance for the second quarter further increased. Stable financial situation make Yangzijiang in orders can keep greater flexibility, in the construction process to maintain financially self-sufficient, so as to maintain the stability of the delivery note. This is an important factor in the Yangtze River shipping industry establish a good reputation, maintain long-term business relationship and gradually establish a virtuous circle."