Zhonglu Oceanic reports strong Q3 revenue, plans new cold storage vessel

Shandong Zhonglu Oceanic Fisheries Co., Ltd. (Zhonglu Oceanic) reported a 27.74% increase in operating revenue for the first three quarters of 2025, reaching 1,071,574,883.25 yuan. Net profit attributable to shareholders was 2,500,974.05 yuan. The company’s total assets slightly decreased by 1.70% to 2,071,218,218.99 yuan.

In a key strategic move, Zhonglu Oceanic's subsidiary, Shandong Zhonglu Aquatic Products Shipping Co., Ltd., plans to construct a new 8,300 cubic meter cold storage vessel. This project involves a total investment of 140,000,000 yuan, exceeding 10% of the company's net assets. The Board of Directors approved the project, which does not require shareholder approval.

The company also released its "2024 Environmental, Social and Governance (ESG) Report." The report highlights a commitment to sustainable development, noting all oceanic fishing vessels are equipped with electronic logbooks and video surveillance. It details efforts in environmental management, resource utilization, and social responsibility, emphasizing employee well-being and community engagement.