Obviously through the worldwide Covid pandemic all business slowed down...as well for NZS. This chart shows how the seafood business from NZ to China dropped down to more than half when the Covid outbreak occurred.Now looking at the yearly growing demand for seafood in china, you can see how our sales should have gone up....but Covid broke the trend.
On the next chart you can see that the Chinese more and more depend on seafood imports, probably through their unsustainable fishing methods.
Future wise NZS is sitting in a very sweet spot with endless supply through their strong regulations to sustain their monopoly off clean oceans and marine life
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Back to the Ling Maw what was NZS's best income stream so far ( wait till the nutraceutical and nootropics kicking in)...but the partial cancelation of the SMB deal was obviously connected with Covid and the drop in chinas demand for seafood. Covid won't be here forever...the chance of a vaccine comes closer and closer in the nearer future. Ones the Covid is sorted or at least under control...we should be back in business. Aldo said on many occasions that the SMB deal is far from finished...its only put partial on ice. Same with all other parts of our business.....if the statistics are true, we got clear blue sky ahead of us ...a bit of passions will be handsomely rewarded...IMO
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So....if we had a 44% drop in seafood trades....I can only say...What comes down ....must come up.
PS: NZS got now new Ling Mau soup in their Ready to Eat brand...Collagen products following shortly. Nootropics in development stage...plenty of new products will come online in 2021...
2021 will be a great year ahead for NZS 's future...IMO![]()
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