Guolian Aquatic Products released its 2026 semi-annual report, with total operating revenue of 1.445 billion yuan in the first half and net profit attributable to the parent of about 10.0392 million yuan, successfully turning losses into profits. Net cash flow from operating activities was 192 million yuan, up 95.36% year on year. The company said the phased revenue decline was the result of a proactive strategic choice. Since 2019, it has gradually divested upstream non-core businesses such as feed and farming, focusing on its core aquatic food business and expanding into deep processing and prepared dishes. In 2026, the company implemented a strategy of higher margins and higher volumes, streamlining SKU counts and cultivating high-margin single products. Selling expenses fell 32.26% year on year during the reporting period, while administrative expenses dropped 12.69%. As of the end of June, inventory stood at 307 million yuan, down more than 30% from the beginning of the period and plunging 80.78% year on year. On asset disposals, the company has transferred all equity in Xinying Foods, sold idle industrial assets in Yichang Xiangyi, and is advancing the disposal of industrial property in California, continuing to shed non-core, low-efficiency assets.
Zhanjiang Guolian Aquatic ProductsReturned to profit with net profit of 10.04 million yuan, revenue of 1.445 billion yuan, and improved cash flow.
