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Fishmeal prices have risen nearly 60% year-on-year, and with the peak season for aquaculture demand approaching, prices may remain volatile at elevated levels.
① Super-grade fishmeal prices have reached RMB 20,500 per metric ton, up nearly 60% year-over-year; ② Rising fishmeal prices have driven some downstream feed products to increase prices passively; ③ Multiple industry insiders expect that, in the short term, domestic and international fishmeal prices will remain volatile at elevated levels, with upward pressure outweighing downside risks.
Express News | Ministry of Commerce: The U.S. side has pledged to address, or substantially advance the resolution of, certain non-tariff barriers and market access issues affecting Chinese agricultural products.
Tianma Technology April 2026 Eel Harvest Report
Tianma Technology (603668.SH): Cumulative eel output from January to April reached approximately 4,636.98 tons.
Gelonghui, May 14th ─ Tianma Technology (603668.SH) announced that in April 2026, the company harvested approximately 1,284.92 tons of eels, of which about 625.19 tons were exported and approximately 659.73 tons were used internally. The specifications of the eels harvested this month mainly ranged between 1P and 5P, with a sales price range of RMB 40,500 to RMB 99,000 per ton. From January to April 2026, the company cumulatively harvested approximately 4,636.98 tons of eels, of which about 1,103.44 tons were exported and approximately 3,533.54 tons were used internally. The specifications of the eels harvested during this period also mainly ranged between 1P and 5P.
Tianma Technology reported revenue of 6.01 billion yuan in 2025, an increase of 2.51%, while the net loss attributable to shareholders widened by 789.25% year-on-year to 179 million yuan.
In 2025, the company's revenue increased slightly by 2.51% year-on-year to RMB 6.001 billion, but the net profit attributable to shareholders recorded a significant loss of RMB 179 million, representing a deterioration of 789.25% year-on-year, with losses worsening in the fourth quarter. The proportion of feed business rose to 87.82%, while revenue from East China accounted for 86.31%, indicating an increase in core business concentration. However, due to industry downturn, rising costs, declining gross margins, and higher financial expenses, profitability and cash flow came under simultaneous pressure, with no clear signs of recovery in the core business.
Tianma Technology: Summary of Tianma Technology\'s 2025 Annual Report