date:May 28, 2014
evenues rose 29.4 percent to CNY 210 million (USD 33.6 million, EUR 24.7 million) with profits up 10.6 percent to CNY 45.5 (USD 7.3 million, EUR 53.5 million). Baiyang is predicting profits in the first half of 2014 will rise by up to 30 percent because of the coming-online of new tilapia cultivation bases in Hainan province. That target is realistic, according to analysts Zhou Wei and He Jun at Wan Guo Securities, who cover Baiyang. Recovering Western demand for tilapia as well as new capacity