Guoyuan Fund, The Major Shareholder Of Oriental Ocean, Plans To Reduce Its Holdings By No More Than 3% Of Its Shares, Or Cash Out 170 Million Yuan. The Company's Net Profit Deducts Non-operating Items Will Lose 4.6 Billion Yuan In Seven Consecutive Years.
Guoyuan Fund, The Major Shareholder Of Oriental Ocean, Plans To Reduce Its Holdings By No More Than 3% Of Its Shares, Or Cash Out 170 Million Yuan. The Company's Net Profit Deducts Non-operating Items Will Lose 4.6 Billion Yuan In Seven Consecutive Years.
Li Wei, a reporter from Shenzhen Business Daily and Duchuang Client, On the evening of August 20, Oriental Ocean (002086) issued an announcement, holding 192,180,727 shares of the company (accounting for 9% of the company's total share capital.
Shenzhen Business Daily·Duchuang Client Reporter Li Wei
On the evening of August 20, Oriental Ocean () issued an announcement that Shenzhen Qianhai Guoyuan Private Equity Securities Fund Management Co., Ltd., a major shareholder holding 192,180,727 shares of the company (accounting for 9.81% of the company's total share capital), plans to reduce its holdings of the company's shares by 58.74 million shares through centralized bidding and bulk transactions from September 12, 2025 to December 11, 2025, which is no more than 3% of the company's total share capital. The reason for the reduction of holdings is due to the redemption application requirements of investors holding fund shares.
If calculated based on the closing price of the company's shares on August 20, 2.94 yuan per share, the total market value of the shares involved in this reduction is approximately 170 million yuan.
According to data, Oriental Ocean is mainly engaged in the research and development, production and sales of seawater seedling breeding, breeding, aquatic product processing, biotechnology, bonded warehousing and logistics, as well as the research and development, production and sales of in vitro diagnostic reagents.
According to the 2024 annual report, the company achieved a total operating income of 340 million yuan, a year-on-year decrease of 22.20%; net profit attributable to shareholders was 190 million yuan, a profit of 1.75 billion yuan in the same period last year; net profit excluding non-net profit was 200 million yuan, a loss of 636 million yuan in the same period last year; net cash flow generated by operating activities was -193 million yuan, a profit of -46.1905 million yuan in the same period last year.
Past financial data shows that the company has lost 7 consecutive years of net profit after deducting non-operating items. From 2018 to 2024, Oriental Ocean achieved net profit excluding non-recurring items of 743 million yuan, 892 million yuan, 457 million yuan, 810 million yuan, 899 million yuan, 636 million yuan and 200 million yuan, respectively, with a cumulative loss of more than 4.6 billion yuan.
According to the first quarter report of 2025, the company achieved a total operating income of 75.2732 million yuan, a year-on-year increase of 12.95%; net profit attributable to shareholders was 22.1 million yuan, a loss of 14.3898 million yuan in the same period last year; net profit excluding non-net profit was 24.6849 million yuan, a loss of 16.6876 million yuan in the same period last year; net cash flow generated by operating activities was -54.6952 million yuan, a loss of -45.8988 million yuan in the same period last year.
The company's semi-annual performance forecast recently revealed that Oriental Ocean expects a net profit attributable to shareholders to lose 66 million yuan to 74 million yuan in the first half of 2025, an increase from the year-on-year loss of 41.47 million yuan in the same period last year. The announcement stated that the company's operating performance declined during the reporting period compared with the same period last year, mainly due to the decline in performance due to the loss of important orders by the wholly-owned subsidiary Avioq, Inc.
