Core Viewpoint - Zhongshui Fishery (SZ 000798) announced the convening of its 11th board meeting for the 9th session on October 23, 2025, to review the proposal for reappointing the auditing firm for the fiscal year 2025 [1] Group 1: Company Financials - For the first half of 2025, Zhongshui Fishery's revenue composition is as follows: 42.3% from fishing income, 36.88% from fishery services, 20.73% from retail and processing trade, and 0.09% from other industries [1] - As of the report date, Zhongshui Fishery has a market capitalization of 3 billion yuan [1]

Group 1: Company Overview and Performance - Zhongshui Group Ocean Co., Ltd. focuses on deep-sea fishing, covering various sectors including fishing, fishery services, and seafood processing and trade [2] - In the first half of 2025, the company achieved operating revenue of CNY 1,747.42 million, a decrease of 10.66% year-on-year [2] - The total profit for the same period was CNY 139.77 million, an increase of 30.41%, primarily due to increased production in deep-sea fishing and rising prices of certain species [2] - Net profit reached CNY 86.31 million, reflecting a year-on-year growth of 22.12% [2] Group 2: Business Segments and Future Plans - The company’s main business segments include fishing, fishery services, and retail and processing trade, with fishing showing overall positive performance due to increased catch volume [3] - Future plans involve restructuring fishery assets, optimizing the global seafood supply chain, and expanding from fishing to processing, trade, and services [3] - The company aims to enhance technological innovation and integrate it with the fishery industry and food processing [3] Group 3: Financial Health and Strategies - The asset-liability ratio decreased from 73.81% at the end of 2024 to 72.36% in mid-2025, a reduction of 1.45 percentage points [6] - Strategies to lower the asset-liability ratio include improving profitability, managing receivables and inventory, and adjusting the financing structure to increase equity financing [6] Group 4: Shareholder Engagement and Dividends - The company currently does not meet the conditions for dividend distribution according to the relevant regulations [7] - Any future restructuring or financing plans will be disclosed in accordance with the requirements of the Shenzhen Stock Exchange [8]

Group 1 - The company, Zhongshui Fishery, announced that its ninth board meeting was held on August 14, 2025, via communication methods to review the authorization matters list [2] - For the year 2024, the revenue composition of Zhongshui Fishery is as follows: fishing revenue accounts for 37.59%, retail and processing trade accounts for 34.64%, fishery services account for 27.61%, and other businesses account for 0.16% [2]

Group 1 - The core revenue composition of Zhongshui Fisheries for the year 2024 is as follows: fishing revenue accounts for 37.59%, retail and processing trade accounts for 34.64%, fishery services account for 27.61%, and other businesses account for 0.16% [1] Group 2 - Zhongshui Fisheries announced on August 14 that it conducted impairment testing on various assets including receivables and inventory to reflect its financial status accurately as of June 30, 2025. The company recognized a total credit impairment loss and asset impairment loss of approximately 25.33 million yuan, which will reduce the profit total for the first half of 2025 by the same amount [3]