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December 21, 2021


A primer on key aquaculture companies in China

 

An eFeedLink Hot Topic

 

 


Guangdong-based Zhanjiang Guolian Aquatic Products is China's largest shrimp processor and the first company in the country to receive the four-star Best Aquaculture Practices (BAP) certification for shrimp and tilapia.


With China's shift from a net shrimp exporter to a net shrimp importer, Zhanjiang Guolian has diversified its business from aquaculture production and processing to global procurement, deep processing and domestic sales.


In 2020, the company achieved an operating revenue of ¥4.494 billion (US$705.2 million), of which aquaculture products contributed more than 90%.


Zhangzidao Group


Liaoning-based Zhangzidao Group Co.'s main business is the breeding, production, processing and sales of scallops, sea cucumber, and abalone. The company's revenue in 2020 was ¥1.927 billion (US$297.7 million). As for the largest sea cucumber producer in China, the title goes to Shandong Homey Aquatic Development Co. The company's recorded a revenue of ¥1.32 billion (US$203.7 million).


Shandong Oriental Ocean Sci-Tech Co.


Shandong Oriental Ocean Sci-Tech Co.'s primary business is the marine farming of sea cucumber and high-value fish, and the processing and export of aquaculture products. In 2020, mariculture and processing of aquaculture products contributed ¥291 million (US$46 million), accounting for more than two-thirds of the company's revenue.


Joyvio Food


Beijing-based Joyvio Food is mainly engaged in the production, processing and sales of salmon, pollock, Arctic sweet shrimp and other seafood, as well as beef and mutton.


For its salmon business, Joyvio operates mainly through its Chilean subsidiary Australis to conduct production, processing, and sales. The company attributed losses of ¥713 million (US$112 million) in 2020 to the impact of COVID-19.


Dahu Aquaculture


Hunan-based Dahu Aquaculture's core businesses are the production and sales of fish and crabs. Aquaculture products contributed ¥606 million (US$94.7 million) in revenue in 2020, or more than 60%.

 

- David Lin, eFeedLink

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