Dalian Zoneco fishing for move into profit

Dalian Zoneco Group, one of China's largest seafood suppliers, is expecting its revenue to hike substantially this year, with both local and international sales expanding and operation costs dropping further.

"We have put a lot of effort into working out new market-based products and cementing our sales network," Wu Hougang, chairman of Zoneco, said on the sidelines of the annual meeting of the New Champions 2016, or Summer Davos, in Tianjin.

Wu is confident that the company can take off the "special treatment", or the ST mark, imposed on its stock ticker by the Shenzhen Stock Exchange. Because of its losses for two consecutive years, the exchange served it with a delisting warning in May.