CNFC Overseas Fisheries Co.,Ltd
000798.SZ
Shenzhen Stock Exchange7.26
CNY
-0.23
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CNFC Overseas Fisheries Co.,Ltd
000798.SZ
(Shenzhen Stock Exchange)
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7.26
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ROIC.AI
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- Business
- CNFC Overseas Fisheries Co., Ltd. (000798.SZ) operates as a leading Chinese state-owned enterprise primarily engaged in deep-sea pelagic fishing and related industries, including aquatic product processing, storage, transportation, trading, and import-export of fishing vessels and equipment. The company offers a diverse portfolio of seafood products such as tuna, squid, shrimp, pollock, mollusks, crabs, shellfish, soft fish, hard-bodied fish, and their processed goods; key brands include Mingzhu, Zhongshui Yuanyang, Zhongyu Xianjing, Zhongshui Haizhongjin, Hai Sikang, and Jinxiang. It conducts year-round operations with a fleet of approximately 57 deep-sea fishing vessels and carriers across regions including the North Pacific, South Atlantic, Indian Ocean, and Southwest Pacific, serving domestic and international markets through three domestic branches, one wholly-owned subsidiary, equity investments, and 11 overseas wholly-owned and joint venture companies in areas such as Southeast Asia, Oceania, Southwest Africa, Latin America, and the USA. Founded in 1998 and headquartered at No. 31, Xidan Minfeng Hutong, Xicheng District, Beijing, China, the company functions as a joint-stock entity controlled by China Agricultural Development Group Co., Ltd., positioning it as a pioneer in China's pelagic fishery sector with vertically integrated capabilities from harvesting to export. In recent major developments, CNFC Overseas Fisheries completed significant asset reorganizations in 2023 through mergers, acquisitions, and托管 arrangements, including the purchase of CNFC Zhoushan Marine Fishery Products Co., Ltd. for CNY 270 million and a 51% stake in Zhongyu Global Seafood Co., Ltd. for approximately CNY 1 billion from China National Fisheries Corporation, resolving long-standing industry competition issues, expanding catch methods to include tuna longlining, purse seining, squid jigging, and trawling, and adding fishery services and food processing segments to build an integrated pelagic fishery chain. These strategic moves rapidly scaled assets, diversified species and operations, and enhanced risk resilience amid challenges like weak demand and high labor costs into 2024. The company issued its 2024 ESG report and revised its articles of association in September 2025, reflecting ongoing governance and sustainability focus.