2024-04-25-深交所-中_鲁Ｂ_2023年年度报告（英文版）_161页_1mb

Summary of Shandong Zhonglu Oceanic Fisheries Co., Ltd. Annual Report for 2023 (Section III: Management's Discussion and Analysis)

I. Company Overview

• Operating in the tuna fishing and deep-sea aquaculture industry as a state-controlled company listed on the Shenzhen Stock Exchange (Stock Code: 200992).
• Core businesses: Long-range fishing, cold storage transportation, and processing.
• Annual revenue of RMB 1.145 billion, net profit of RMB 39.6 million.

II. Industry and Business Analysis

Industry Overview

• Tuna fishing is part of China’s "strategic, mission-driven industry," contributing to global seafood supply and sustainable development.
• Challenges include human capital shortages, raw material price volatility, and climate change impacting fishing resources.

Main Business Performance

• Revenue growth (16.22% YoY) driven by better catches in the Atlantic and Western Pacific zones.
• Cold storage transportation remains stable, while processing units expanded due to market diversification.

III. Core Competitiveness

• Tuna Exchange platform enhances operational efficiency.
• Strong brands like "Haitai Ice Storage" ensure quality.
• Government support, international certifications (HACCP, EU), and modern fleet provide market edge.

IV. Future Strategy

Future Development Prospects

• Adaptation to climate change: focus on seafood processing.
• Expansion both domestically (via supermarket chains) and internationally (through B2B tuna exports).
• Headquarters shift to Qingdao to align with regional policies.

V. Risks and Challenges

• Resource depletion from tuna fishing & extreme weather events.
• Price volatility due to global demand patterns.

Conclusion: The company demonstrates resilience through diversification and adherence to sustainability, offering long-term growth potential.