May 28, 2021 — China’s top distant-water fishing firms are making big plans for 2021 after many suffered losses in 2020 as a result of the COVID-19 pandemic.
Chinese tuna fishery firm Shanghai Kaichuang Marine International Co. is predicting a bounce-back year on predicted stronger sales of its marquee product. The pandemic seriously dented demand and pricing for the firm’s tuna, according to the company, which reported a 10.9 percent year-on-year decline in revenues last year to CNY 1.9 billion (USD 285 million, EUR 247 million), alongside a 17.5 percent drop in profits, which sunk to CNY 135 million (USD 20.2 million, EUR 17.5 million).