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China’s largest aquatic feed maker expects profit squeeze

Tongwei Group, which says it produces 2 million metric tons of aquatic feed annually, anticipates net profits could shrink by 5% to CNY 1.84 billion 

By Louis Harkell | Jan. 24, 2019 09:29 GMT
Tongwei Group chairman Liu Hanyuan
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Tongwei Group, China’s largest aquatic feed manufacturer, anticipates net profits could shrink 5% to CNY 1.84 billion ($270 million) in 2018 as China’s photovoltaic (PV) market loses its shine. [...]

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