Shandong Zhonglu slashes 2025 investment plan by 65%

Shandong Zhonglu Oceanic Fisheries Company Limited's board of directors convened its 29th extraordinary meeting on November 28, 2025, to discuss and approve adjustments to its 2025 annual investment plan. The meeting, chaired by Liang Shangli, saw all five attending directors unanimously approve the revised plan.

The company's total planned investment for 2025 has been significantly reduced from 228.0 million yuan to 78.3 million yuan. This adjustment stems from a review of the annual investment plan's execution progress. Specific projects affected include the "Zhonglu Marine Innovation Industrial Park Project" and the "Construction of Cold Storage and Transport Vessels Project," both of which saw their investment amounts decreased.

Additionally, the "Purchase of Tuna Purse Seine Vessels Project" and the "Construction of Squid Jigging Vessels Project" have been suspended. The board's decision reflects a strategic re-evaluation of project priorities and financial commitments for the upcoming year.