Shanghai Kaichuang Marine International Co., Ltd.
600097.SS · SHH
Company research
Shanghai Kaichuang Marine International Co., Ltd. (600097.SS) is a Shanghai-based publicly listed company founded in 1997, principally engaged in deep-sea fishing, aquatic product processing, and related trading businesses across both domestic and international markets. The company operates through four core segments — Ocean Fishing, Food Processing, Fishery Trading, and Maritime Transportation — offering a broad portfolio of products ranging from raw fish such as tuna, horse mackerel, Alaska pollack, Japanese mackerel, and Antarctic krill, to semi-processed goods like tuna loins and a wide array of canned aquatic products. To support its global operations, the company maintains an extensive fishing fleet and holds key overseas subsidiaries, including the acquisition of Spanish canned seafood brand Conservas Albo and Canadian seafood processor French Creek Seafood Ltd. Led by CEO Wu Xi Lei and employing approximately 1,058 full-time staff, the company reported revenues of approximately CNY 2.31 billion and a market capitalization of roughly CNY 1.95 billion, distributing its products across China and to markets worldwide.
Research reports
Article provides a deep dive on the 2025 annual report, emphasizing that revenue grew only 0.9% year-on-year while net profit rose 20.76%, driven by margin expansion and improved profitability metrics such as higher gross and net margins and EPS. It also highlights structural weaknesses including low ROIC versus long-term medians, high working-capital intensity, elevated receivables-to-profit ratios, and historically fragile earnings, framing the stock as having improved profitability but notable balance-sheet and quality-of-earnings risks that investors must monitor closely.
同花顺财经 · October 29, 2025财报速递：开创国际2025年前三季度净利润6051.73万元Brief research note summarizes the first three quarters of 2025, noting that while revenue slipped 1.74% year-on-year, net profit surged 269.47% to 60.52 million CNY and basic EPS reached 0.25 CNY, with gross margin and asset-turnover metrics assessed as relatively strong versus industry peers. Using its quantitative “financial diagnosis” model, the report assigns the company an overall mid-pack score within its industry, citing good profitability, operating efficiency, and solvency, but only fair cash flow, growth, and especially weak asset quality, which tempers the otherwise positive earnings momentum.