Dalian Zhangzidao Fishery Group -- one of the largest vertically integrated seafood companies in China -- saw its Q1 profit fall to nearly a third of what it was in the same period last year.
Its revenue in 2013 Q1 is CNY 555,485,342 (€68.4 million/$90.7 million), a slight increase from CNY 524, 428,528 (€64.6 million/$85.7 million) from the first quarter of 2012. However, its net profit fell to CNY 28,213,687 (€3.5 million/$4.6 million), from CNY 80, 321,168 (€9.9 million/$13.1 million) from the same period last year.
This
