Analyst flags writedowns as liability after Guolian announces larger-than-expected losses

Guolian Aquatic lost CNY 269 million (USD 40.3 million, EUR 34.9 million) in 2020, even higher than the losses it projected from the COVID-19 pandemic.

Zhanjiang, Guangdong Province, China-based Guolian Aquatic lost CNY 269 million (USD 40.3 million, EUR 34.9 million) in 2020, even higher than the losses it projected from the COVID-19 pandemic, according to its most recent financial report ... 

Photo courtesy of Guolian Aquatic


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