Core Insights - The fishing industry in Fujian, particularly in the village of Aojiao, is experiencing a busy harvest season with a significant increase in seafood production and sales [1][3]. Industry Overview - Aojiao village is strategically located with three sides facing the sea, contributing to its rich marine resources and bustling fishing activities [1]. - The fishing boats are returning with various catches, including species like Barramundi, Mullet, and Yellow Flower Fish, which are quickly processed and sold [3]. Supply Chain Efficiency - The supply chain from "sea catch" to "table" is highly efficient, with immediate transportation of fresh catches to e-commerce sorting centers and processing plants [5][7]. - Processed products include dried seafood and high-value items like crab meat canned products, showcasing the village's capability for deep processing [7]. E-commerce Integration - Aojiao village has developed a complete industrial chain around e-commerce, involving packaging, logistics, product photography, and live sales [8]. - Popular products such as crab and Barramundi are being sold to distant markets, including regions like Xinjiang, Yunnan, and Guizhou [8]. Economic Impact - The e-commerce sales in Aojiao village are projected to exceed 350 million yuan in 2024, indicating a mature modern seafood industry chain from catch to export [10]. - In the first ten months of the year, the village's seafood export value reached 490 million yuan, marking a year-on-year growth of 10.2%, primarily to countries like Malaysia [10].

福建海域辽阔，水产品资源丰富。这段时间，闽南渔场也迎来繁忙的收获季节。在漳州市东山县的东南端，坐落着一个三面环海的村庄——澳角村，眼下， 这里的码头上正热火朝天地忙活着。 晚上6点，在东山澳角码头，一艘艘渔船迎着晚霞满载归航。工人们将一筐筐渔获快速传送上岸，巴浪鱼、午鱼、黄花鱼与各类虾蟹整齐码放。早早在这等 候的采购商们立即围拢上前，议价、验货、过秤，全程高效有序。 这条从码头延伸到互联网的产业链条，为澳角村带来了实实在在的收获。2024年，澳角村全村电商销售额突破3.5亿元，一条从捕捞、加工到出口的现代水 产产业链日益成熟。据厦门海关统计，今年前10个月，澳角村水产品出口额达4.9亿元，同比增长10.2%，主要出口至马来西亚等国家。 不仅从"海捕"到"上餐桌"的链路高效畅通，澳角村的加工厂也开足马力生产。一部分渔获经过清洗、蒸煮、烘烤，制成虾干、墨鱼干、花蛤干、鳗鱼丝等干 货产品。在精深加工车间里，刚上岸的梭子蟹经过剥壳、取肉、加工，则被制成高附加值的蟹肉罐头。 围绕电商，澳角村还形成了一条完整的产业链。有人专攻打包和物流对接，有人负责产品拍摄与视觉设计，还有人专门负责直播销售。目前，当地的梭子 蟹、巴浪鱼 ...

Core Viewpoint - The report highlights the financial performance and operational strategies of Baiyang Industrial Investment Group Co., Ltd. for the first half of 2025, showcasing significant growth in revenue and net profit, while also detailing the company's business segments and future plans. Financial Performance - The company achieved a total revenue of CNY 1,694,045,144.43, representing a year-on-year increase of 38.34% compared to CNY 1,224,590,194.27 in the same period last year [17][19] - The net profit attributable to shareholders was CNY 11,789,288.51, a substantial recovery from a loss of CNY 24,671,303.83 in the previous year, marking a 147.79% increase [5][17] - The operating cash flow showed a negative net amount of CNY -199,436,512.68, a decline of 306.21% from the previous year's positive cash flow of CNY 96,713,266.41 [5][16] Business Segments - The main business activities include seafood processing and biological products, feed and feed raw materials, and deep-sea fishing processing [6][12] - Seafood processing and biological products accounted for 44.54% of total revenue, with a significant focus on export markets, particularly for tilapia products [19] - The feed business generated CNY 783,004,645.45, representing 46.22% of total revenue, with a year-on-year growth of 44.88% [19] - The deep-sea fishing segment contributed CNY 81,325,725.18, accounting for 4.80% of total revenue, with an 11.08% increase from the previous year [19] Operational Strategies - The company is focused on extending and enhancing its industrial chain, leveraging synergies between its various business segments to provide high-quality, safe, and traceable seafood products [6][12] - There is an emphasis on technological innovation and quality leadership to meet the evolving consumer demands for healthy and sustainable seafood [6][12] - The company plans to strengthen its domestic and international market presence, continuing to develop new products and processes [12][14] Quality Control and Certifications - The company has established a comprehensive food safety and quality control system, achieving certifications such as ISO9001, HACCP, BRC, and BAP, ensuring compliance with international standards [15][8] - The processing facilities are designed according to international food hygiene standards, equipped with advanced production lines and testing centers [8][15] Future Outlook - The company aims to enhance its core business capabilities, increase R&D efforts, and expand its market reach, aspiring to become a global leader in high-quality seafood supply [12][14]