Guolian Aquatic's semi-annual report reveals significant asset impairment, net profit decline

Zhanjiang Guolian Aquatic Products Development Co., Ltd. announced that its board of directors approved the 2025 semi-annual report, including the full text and a summary, following a meeting on August 27, 2025. The report details a significant asset impairment provision of 275,223,287.62 yuan for various assets, including bad debt, inventory, and fixed assets. This provision is based on impairment tests and aligns with accounting standards.

The company's net profit attributable to shareholders decreased by -3,180.50% to -540,337,276.47 yuan, and operating revenue declined by -18.36% to 1,650,852,589.57 yuan compared to the previous year.

The supervisory board also confirmed that the report accurately reflects the company’s financial situation, and the asset impairment provisions adhere to the principles of prudence and fairness. Concurrently, the board of directors approved the 2025 semi-annual report on the use of raised funds. As of June 30, 2025, the company had temporarily supplemented working capital with 130 million yuan from idle raised funds, with a remaining balance of 62.7274 million yuan in dedicated accounts.