date:May 28, 2014
line with our strategy of achieving better synergy, increasing scale and raising profitability. The company in 2013 had income of CNY 135 million (USD 21.6 million, EUR 15.9 million), up by 15.28 percent but profit fell 32.8 percent year-on-year to CNY 56.8 million (USD 9.1 million, EUR 66.7 million). Baiyang blamed the data on higher aquatic feed raw materials and high prices of tilapia purchased from farmers.
The companys financial performance improved somewhat in the first quarter of 2014: r