StockCode:200992                  ShortFormoftheStock:ZhongluB                    PublicNoticeNo:2019-09
  ShandongZhongluOceanicFisheriesCompanyLimited
            SummaryofAnnualReport2018

I.ImportantNotice
Thesummaryisabstractfromfull-textofannualreport,formoredetailsofoperatingresults,financialconditionandfuturedevelopmentplanoftheCompany;investorsshouldfoundinthefull-textofannualreportthatpublishedonmediaappointedbyCSRC.
Objectionstatementofdirectors,supervisorsandseniorexecutives

            Name                          Position                        Contentandreason

Statement
OtherdirectorsattendingtheMeetingforannualreportdeliberationexceptforthefollowed

  Nameofdirectorabsent      Titleforabsentdirector        Reasonsforabsent              Attorney

Promptofnon-standardauditopinion
□Applicable  √Notapplicable
Profitdistributionpre-planofcommonstockorcapitalizingofcommonreservespre-plandeliberatedbytheBoardinthereportingperiod
□Applicable  √Notapplicable
TheCompanyhasnoplansofcashdividenddistributed,nobonussharesandhasnoshareconvertedfromcapitalreserve.
Profitdistributionpre-planofpreferredstockdeliberatedandapprovedbytheBoardinthereportingperiod
□Applicable  √Notapplicable
II.Basicinformationofthecompany
1.Companyprofile

Shortformofthestock            ZHONGLUB            Stockcode              200992

Stockexchangeforlisting          ShenzhenStockExchange

      Person/Waytocontact                SecretaryoftheBoard                  Rep.ofsecurityaffairs

Name                          LiMing                              LiYing

Officeadd.                      No.65HaierRd.,LaoshanDistrict,        No.65HaierRd.,LaoshanDistrict,Qingdao,
                                Qingdao,Shandong                    Shandong

Fax.                            0532-55719258                        0532-55719258

Tel.                            0532-55717968                        0532-55715968

E-mail                          zl000992@163.com                    zl000992@163.com

2.Mainbusinessorproductintroductioninthereportingperiod
TheCompanyisacomprehensivefisheryenterpriseintegratedwithocean-goingfishing,oceanrefrigeratedtransport,andrefrigeration,processingandtradingofaquaticproducts,itsmainbusinessesinvolveallmajoraspectsoftheindustrychain.
(I)Businessintroduction
Duringthereportingperiod,thecompany’smainbusinessdidn’tmakeanychange.Oceanfishinghasstillbeenthemainlinewhilerefrigeratedtransportandrefrigerationprocessingtradewerethetwowings,andtheysupportedeachotherandpromotedeachother,theindustrialchainwasrelativelycomplete.
1)Oceanfishing
Duringthereportingperiod,thecompanyownedatotalof22ocean-goingfishingvessels,including7large-scaletunaseiners,13large-scaleultra-lowtemperaturetunalongliners,and2medium-sizedtrawlers,whichhavebeenrespectivelyworkingintheIndianOceanandintheAtlanticOcean.Accordingtotheindustrialenvironmentanddevelopmentsituation,inthepasttwoyears,thecompanysuccessfullyestablishedafleetofsevenlarge-scaletunaseinersthroughthefisheryadjustmentandnewequipment,whichwasputintooperationinAugust2018,andgoodeconomicandsocialbenefitswereachieved.
2)Refrigeratedtransport
Duringthereportingperiod,thecompany’sseveninternationalrefrigeratedtransportvesselswereengagedinoperationalservices,andmanymeasuresweretakentocompletetheannualeconomicindicators:First,continuouslyimprovedthecompany’sSMSsystemworkandstrengthenedthestandardizedmanagementofenterprises.Second,keptafootholdontheAsia-Pacificspecialrefrigeratedfreightmarket,strivedtoincreasethemarketshare,strictlycontrolledthecostaccounting,strengthenedtheshipequipmentmaintenance,ensuredthesailingrate,andpromotedtherentalincomemaximization.Third,strengthenedtheriskmanagementandcontrol,andminimizedtheuncertainriskfactorsasfaraspossible.
3)Refrigerationprocessingtrade
Duringthereportingperiod,inthefaceofmanyunfavorablefactors,weseriouslystudiedthesituation,closelymonitoredthemarketchanges,andinnovatedthebusinessideasandmanagementmethods.GavefullplaytothedistributioncenterofChina’stunatradingcenterandthedeepprocessingandcoldchainlogisticsbaseofdeep-seafishingproductsinShandongProvince,increasedtheeffortsofself-fishingbackhaulpurchaseanddeepprocessing,toimprovingthemechanizationandautomationlevelofprocessing,acceleratedtheconversionofnewandoldkineticenergy,promotedtheresearchanddevelopmentofthe“FiveFast”project,Expandedtheprocessingandsalesoperations,increasedthemarketdevelopmentefforts,focusedoncultivatingnewmodelsofseparatingwarehousefortuna,andactivelyexpandedtheinternationalanddomestictrade.
(II)Thedevelopmentstageandthecyclicalcharacteristicsoftheindustryandthecompany’spositioninindustry1)Thedevelopmentstageoftheindustry
China’soffshorefishingindustryhasmadegreatprogressmorethan30yearsofdevelopmentsince1985，andwehavebecameagreatpowerinaspectofpelagicfisheries.Withtheimplementationofthenationalmarinestrategy,offshorefishinghasbecomeanimportantpartoftheocean,Thenewandoldkineticenergyconversionbeingimplementedandthehigh-qualitydevelopmentrequirementscontinuouslyoptimizedandupgradedtheindustrialstructure,andthemarketizationandinternationalizationhavebeenconstantlyimproving.Generallyspeaking,the“ThirteenthFive-YearPlan”isakeytransitionperiodforthedevelopmentofChina’soffshorefisheries,anditisalsoanimportantopportunityperiodforthedevelopmentofapowerfulcountryinfishingindustry.
2)Industrycharacteristicsandtheindustrypositionofthecompany
Recently,withthesupportfromstateonoceanicfishery,thedeep-seafisheryindustryinthecountryaregrowthrapidly;thelevelofequipment,productiontechnologyandemployees’qualityaregreatlyimproved,wehavenarrowdownthegapwithdevelopedcountries.Inordertoprotectresources,variousfisheryresourcecountriesandfisheryorganizationshaveformulatedstrictprotectionmeasuresandfishing-banpolicies,industrystandardshavebeengraduallyraised,andtherequirementstomanagementlevel,productiontechnology,self-disciplineandperformancecapacityofcompaniesengagedinoffshorefishinghavebecomehigher.Inthelongrun,itisbeneficialtothesustainabledevelopmentofoffshorefishing,butintheshortterm,itwillincreasetheproductioncosts.OurcompanydevelopsoffshorefisheriesveryearlyinChina,andfurthermore,incurrentbusiness,thetalentquality,technicalstrengthen,managementabilityandequipmentlevelareranksinfrontofthepelagicfisheryenterprisesinChina.

3.Mainaccountingdataandfinancialindexes
(1)Mainaccountingdataandfinancialindexesforrecentlythreeyears
Whetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata
□Yes  √No

                                                                                                  InRMB
                                    2018              2017        Changesoverlastyear      2016

Operatingincome(RMB)            1,023,348,055.53      924,116,785.80            10.74%    845,877,519.52
Net  profit  attributable  to

shareholdersofthelistedcompany        90,281,584.29        91,517,485.28            -1.35%      52,585,070.74
(RMB)

Net  profit  attributable  to

shareholdersofthelistedcompany        88,188,293.14        85,499,842.39              3.14%      47,095,370.03
afterdeductingnon-recurringgains
andlosses(RMB)

Net  cash  flow  arising  from        69,635,895.65        63,205,894.49            10.17%      87,435,723.19
operatingactivities(RMB)

Basicearningspershare                        0.34                0.34                                  0.20
(RMB/Share)

Dilutedearningspershare                      0.34                0.34                                  0.20
(RMB/Share)

WeightedaverageROE                      12.06%            13.79%            -1.73%            8.88%
                                  Endof2018        Endof2017      Changesoverendof    Endof2016

                                                                          lastyear

Totalassets(RMB)                  1,213,282,583.68    1,065,483,763.80            13.87%    835,239,699.07
Net  assets  attributable  to

shareholder  of  listed  company      803,507,440.24      703,769,793.95            14.17%    617,662,263.72
(RMB)
(2)Quarterlymainfinancialindex

                                                                                                    InRMB
                                  Firstquarter        Secondquarter      Thirdquarter        Fourthquarter

Operatingincome                    201,809,691.98      238,513,084.99      275,909,416.69      307,115,861.87
Net  profit  attributable  to          146,855.82      22,455,043.39      43,731,118.98      23,948,566.10
shareholdersofthelistedcompany

Net  profit  attributable  to

shareholdersofthelistedcompany            2,007.95      22,612,697.69      41,160,473.49      24,413,114.01
afterdeductingnon-recurringgains
andlosses

Net  cash  flow  arising  from        -6,302,386.74      28,116,999.05      33,528,917.05      14,292,366.29
operatingactivities
Whethertherearesignificantdifferencesbetweentheabove-mentionedfinancialindexoritstotalnumberandtherelevantfinancialindexdisclosedinthecompany’squarterlyreportandsemi-annualreport
□Yes√No
4.Sharesandshareholders
(1)Particularsaboutcommonstockshareholders,preferenceshareholderswithvotingrightsrecoveredandtoptenshareholders

                                                                                                    InShare
Total            11,784Totalcommonstock          11,759Total            0Totalpreference                0

common              shareholdersatendof              preferenc          shareholderswith

stock                lastmonthbefore                  e                  votingrights

shareholder            annualreportdisclosed            sharehold          recoveredatendof

sin                                                  erswith            lastmonthbefore

reporting                                              voting              annualreport

period-end                                              rights              disclosed

                                                      recovered

                                                      atendof

                                                      reporting

                                                      period

                                            Toptenshareholders

Fullnameof    Natureof    Proportionof  Amountof                                    Numberofshares

                                                    Amountofrestrictedsharesheld        pledged/frozen

Shareholders  shareholder    sharesheld  sharesheld                              Stateofshare  Amount

Shandong
State-owned

Assets        State-owned        47.25%125,731,320                  125,731,320

Investment    legalperson
HoldingCo.,
Ltd

ChenTianmingForeignnature        2.16%  5,760,427                            0

            person

CaiYujiu      Domestic            1.08%  2,881,900                            0

            natureperson

Haitong
International

Securities      Foreignlegal          0.77%  2,038,736                            0

Company      person

Limited-Accoun
tClient
ChinaNational
HeavyDuty    State-owned

TruckGroup  legalperson          0.73%  1,950,000                    1,950,000

JinanTruck
LLC

Shenwan      Foreignlegal

HongYuan    person              0.73%  1,939,154                            0

(H.K.)Limited
GUOTAI

JUNAN      Foreignlegal

SECURITIES(person              0.72%  1,907,224                            0

HONGKONG)
LIMITED

QuYanping    Domestic            0.63%  1,679,383                            0

            natureperson

Wang        Foreignnature        0.46%  1,215,203                            0

Dongsheng    person

QinJun      Domestic            0.41%  1,083,820                            0

            natureperson

Explanation  on  associatedShandongState-ownedAssetsInvestmentHoldingCo.,Ltdhas20%sharesofChinaNational
                          HeavyDutyTruckGroupJinanTruckLLC.Restsoftheshareholdersarethedomesticallylisted
relationshipamongtheaforesaidforeignshareholders,andtheCompanyisunknownwhetherthereexistsassociatedrelationship
shareholders                orbelongstoconsistentactorregulatedby“managementmethodforacquisitionoflisted
                          company”amongtheabovesaidshareholders

Explanationonshareholders
involvingmarginbusiness(if    Notapplicable
applicable)

(2)TotalpreferredstockshareholdersoftheCompanyandsharesheldbytoptenshareholderswithpreferredstockheld
□Applicable  √Notapplicable
TheCompanyhadnoshareholderswithpreferredstockheldinthereporting.
(3)PropertyrightandcontrollingrelationshipsbetweentheactualcontrollersoftheCompanyandtheCompanyisasfollows:

                      State-ownedAssetsSupervisionandAdministration

                      CommissionofShandongProvincialGovernment

                                                70%

                      ShandongState-ownedAssetsInvestmentHolding

                      Co.,Ltd

                                                47.25%

                      ShandongZhongluOceanicFisheriesCo.,Ltd

5.Corporatebonds
WhetherornottheCompanypublicofferingcorporationbondsinstockexchange,whichundueorwithoutpaymentinfullatmaturityontheapprovaldateforannualreportdisclosed
No
III.Discussionandanalysisofbusiness
1.Introductionofoperationinthereportingperiod
Whetherthecompanyneedstocomplywiththedisclosurerequirementsoftheparticularindustry
No
Inreportingperiod,theCompanyachievedbusinessrevenueof1,023,348,100Yuan,increased10.74%comparedlastyear’s924,116,800Yuan;totalprofitachieved101,512,800Yuan,increased3.69%comparedlastyear’s97,899,800Yuan;netprofitattributabletoparentcompanyamountedas90,281,600Yuan,decreased1,235,900Yuanwith1.35%decreaseoverthatoflastyear.Totalassetsamountedas1,213,282,600Yuanwith13.87%growthcomparedbalanceatperiod-begin.
(1)Oceanfishing:TheCompanyestablished5groupsofpurseseinefishingvesselslastyear,twoofthemwereputintooperationlastyear,theotherthreegroupshavebeenputintooperationsmoothlyduringtheyear,thefishingoperationswereingoodconditionandthefishingoutputhasreachedtheexpectedtarget.Thecompanymadescientificdecision-making,rationaldispatchoffishery,reasonablearrangementofoperationtimeandship
dockingtimefortunalong-liningfishingbusiness,andovercametheunfavorablefactorsoffisheryresourcesdeclineandfishpricedecline,foundwaystoincreaseproduction,increasedcostmanagement,savedcostsandimprovedeconomicefficiency.Duringthereportingperiod,thefishingsectorachievedanoperatingincomeofRMB388,368,700andatotalprofitofRMB57,498,400.
(2)Refrigeratedtransport:Thecompanypaidcloseattentiontosafeproductionandoperation,strengthenedshipmanagement,improvedshipsailingrate,andensuredshipoperatingrate;carefullyorganizedandimplementedresponsibilities,supervisedcomprehensivelyandstrongly,madeself-examinationandself-correction,andself-reviewandself-reform,refinedthesafetyinspectionandoperationguidanceofships,andensuredthesafesailingdaysofships;paidattentiontothetrainingandtrainingofship-shorepersonnelandimprovemanagementlevel;Maintaincustomerresourcesandmaintainstabledevelopment;laidemphasisonenterprisemanagementandrequiredbenefitfrommanagement.Duringthereportingperiod,thecompanyrealizedanoperatingincomeofRMB93,665,400andrealizedatotalprofitofRMB31,084,900,ayear-on-yearincreaseof28.25%.
(3)Refrigerationprocessingtrade:Theenterprisemanagementinnovationadoptedthefinemanagementthoughtof“doingtheadditionandsubtractionmethodandtakingtheinitiativetodosubtraction”,activelypromotedthe“FiveFast”project,innovatedtheproductionprocess,greatlyimprovedtheproductionandprocessingefficiency,adjustedtheproductstructure,expandednewmarkets,developednewproducts,andbroadenedpublicitychannelsandsaleschannels.Duringthereportingperiod,thecompanyrealizedanoperatingincomeofRMB632,599,900andatotalprofitofRMB28,548,400,anincreaseof12.23%onayear-on-yearbasis.
2.Whetherthemainbusinesshadmajorchangeinthereportingperiod
□Yes√No
3.Abouttheindustries,products,orregionsaccountingforover10%ofthecompany’soperatingincomeoroperatingprofit
√Applicable□Notapplicable

                                                                                                  InRMB
                  Operating                                  Increase/decreaseIncrease/decreaseIncrease/decrease
    Name        revenue      Operatingcost  Grossprofitratio  ofoperating  ofoperatingcost  ofgrossprofit
                                                              revenuey-o-y      y-o-y        ratioy-o-y

Deep-seafishing  388,368,733.12  57,302,514.49        22.17%        47.36%        -0.44%        -8.65%
Boatrental        93,665,444.15  31,091,937.50        36.11%        -3.28%        28.07%        -3.68%
Aquaticproducts

refrigerated      632,599,907.70  28,901,692.71          7.55%        -6.79%        13.62%        -2.10%
processingtrade
4.Whetherthecharacteristicsofmanagementseasonalorcyclicalneedspecialattention
□Yes√No
5.Inthereportingperiod,noteofmajorchangesinoperatingincome,operatingcost,totalnetprofitattributabletocommonstockshareholdersoflistedcompanyorcomposingthepreviousreportingperiod□Applicable√Notapplicable
6.Particularaboutsuspendedanddelisting
□Applicable√Notapplicable

7.Relevantitemsinvolvingfinancialreport
(1)Particularsaboutthechangesinaspectofaccountingpolicy,estimatesandcalculationmethodcomparedwiththefinancialreportoflastyear
√Applicable□Notapplicable
TheMinistryofFinancereleasedon15June2018theNoticerelatingtoAmendingandPrintingofFinancialStatementFormsofGeneralEnterprisesin2018(CK[2018]No.30).enterprisesadoptingEnterpriseAccountingStandardsshallpreparetheirfinancialstatementsfor2018andotheraccountingperiodsaccordingtotheEnterpriseAccountingStandardsandtheNotice.
MaininfluenceforCK[2018]No.15RevisedoftheCompanyare:
Changesofcontentsand  Itemschanged  AmountchangedRe-statedamountItemsandamountsreportedinthe

        reasons                                          lastperiod          previousperiod

1.TogetherlistedasNoteNotereceivable                                Notereceivable：0Yuan

receivable  &  Account  &Account    63,961,900.00    38,792,912.89  Accountreceivable：

receivable                receivable                                  38,792,912.89Yuan

2.Interestreceivableand    Other                                    Interestreceivable：0Yuan

Dividend  receivable  are  receivables    5,529,723.80    11,305,713.11  Dividendreceivable：0Yuan

includedundertheOther                                            Otherreceivables：11,305,713.11

receivables                                                          Yuan

3.Fixedassetsdisposalis  Fixedassets                                Fixedassets：525,975,263.88

includedundertheFixed              514,332,752.28  525,975,263.88  Yuan

assets                                                                Fixedassetsdisposal：0Yuan

4.EngineeringmaterialsisConstructionin  11,073,476.37        -      Constructioninprogress：0Yuan

included    under    the  progress                                  Engineeringmaterials：0Yuan

Constructioninprogress

5.TogetherlistedasNoteNotepayable&  108,371,599.66  65,204,257.98  Notepayable：0Yuan

payable&AccountpayableAccountpayable                              Accountpayable：65,204,257.98

                                                                    Yuan

6.  Interest  payable  andOtherpayable                                Interestpayable：360,208.32

Dividend  payable  are                7,043,693.95    6,535,561.08  Yuan

includedundertheOther                                            Dividendpayable：0Yuan

payable                                                              Otherpayable：6,175,352.76

                                                                    Yuan

(2)Majoraccountingerrorswithinreportingperiodthatneedsretrospectiverestatement
□Applicable  √Notapplicable
NomajoraccountingerrorswithinreportingperiodthatneedsretrospectiverestatementfortheCompanyintheperiod.
(3)Comparewithlastyear’sfinancialreport;explainchangesinconsolidationstatement’sscope
□Applicable  √Notapplicable
Nochangesinconsolidationstatement’sscopefortheCompanyintheperiod.