中水渔业: 2025年半年度报告

Core Viewpoint - The report highlights the financial performance and operational strategies of China National Fisheries Corporation (CNFC) Overseas Fisheries Co., Ltd. for the first half of 2025, emphasizing a decline in revenue but an increase in net profit, reflecting the company's focus on high-quality development and strategic growth in the deep-sea fishing industry [1][2]. Company Overview and Key Financial Indicators - Company Name: CNFC Overseas Fisheries Co., Ltd. - Stock Code: 000798 - Total Revenue: CNY 1,747,417,719.80, a decrease of 10.66% compared to the previous year [1][3]. - Net Profit Attributable to Shareholders: CNY 86,310,220.96, an increase of 22.12% year-on-year [1][3]. - Total Assets: CNY 6,161,378,997.06, up 2.79% from the end of the previous year [1][3]. - Net Assets Attributable to Shareholders: CNY 447,530,078.91, an increase of 23.76% [1][3]. Business Operations - The company focuses on deep-sea fishing, seafood processing, and marine fishery services, with diverse fishing methods and a global operational reach [1][3]. - Key products include tuna, squid, shrimp, and various processed seafood, with tuna and squid being the flagship products [1][3]. - The company has established a global sales network with over 40 branches in more than 20 countries, enhancing its market influence [1][3]. Core Competitiveness - The company possesses a large fleet of fishing vessels and marine service ships, leading in both fleet size and production capacity within the domestic industry [1][3]. - Continuous investment in modernizing fishing vessels and adopting advanced technologies has improved operational efficiency and reduced production costs [1][3]. - The company emphasizes compliance and safety in operations, supported by a robust regulatory framework and a culture focused on environmental protection and employee welfare [1][3]. Main Business Analysis - Revenue from fishing operations amounted to CNY 739,197,685.80, representing 42.30% of total revenue, an increase of 14.25% year-on-year [1][3]. - Revenue from fishery services was CNY 644,420,656.58, accounting for 36.88% of total revenue, a slight decrease of 2.94% [1][3]. - Retail and processing trade revenue dropped significantly to CNY 362,164,996.80, down 43.24% compared to the previous year [1][3]. Financial Data Comparison - Operating costs decreased by 12.08% to CNY 1,655,972,360.18, contributing to improved profit margins [1][3]. - The net cash flow from operating activities was CNY 378,467,710.49, a significant recovery from a negative cash flow in the previous year [1][3]. - The company reported a basic earnings per share of CNY 0.2359, up 22.10% from the previous year [1][3].