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Exports Grow, Profits Under Pressure
date:May 30, 2012
Korea; RMB170 million for building 9.7 kt/a Yongxiang Shellfish Processing Center; RMB88.75 million for launching the frozen logistics project with Japans Chuo Gyorui and Hohsui.


There are relatively low gross margins for feed, fishing and processing enterprises, e.g., the consolidated gross margin of Guangdong Haid Group, dedicated to the aquaculture feed, was merely 9.6% in 2011. However, the capacity of Guangdong Haid Group ever grows thanks to the brisk downstream demand; in 2011, Haid acq

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