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

Published on
September 15, 2021
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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