Guangdong Haid Group Co., Limited

Haid takes second place on this table with the largest turnover of the ten and the least fish on its books. RMB 116.0 billion of 2025 revenue, about US$16.2 billion, comes mostly from feed, fry and animal-health products sold to farmers rather than from fish sold to consumers. A 183rd place on the 2026 Fortune China 500 is a domestic ranking; the Fortune Global 500 admitted members at US$32.2 billion for 2025, and Haid's own turnover sits below that line, so the group is not a member and scores 89/100.

Industry Position

The group is the largest feed producer in China and among the largest anywhere. Feed capacity for aquatic and livestock species exceeds 30 million tonnes a year, built through more than 600 subsidiaries, dozens of aquatic feed mills, GMP-certified animal-health plants and hatcheries that can supply tens of billions of fry annually. Sales reached about 14.7 million tonnes in the first half of 2025, a record for that period, and more than 35,000 people work in the business.

Operations sit in ten-plus countries, including Vietnam, India, Indonesia and Ecuador, and the aquatic chain of feed, fry, health products and farming contributes more than 40 percent of revenue. The remaining turnover comes from livestock and poultry feed and from trading. On a table weighted toward owned production capacity that balance would read differently; here, with brand influence and category fit carrying most of the weight, the aquatic share is what counts.

Competitive Advantages

Seedstock is the sharpest edge. Pathogen-free shrimp broodstock and improved freshwater fry determine survival rates on the farm, and the supplier of the genetics also sells the feed and the health product that the same animal needs. That bundle raises the cost of switching suppliers and gives Haid a technical claim a feed-only competitor cannot make, which is why its specialty aquatic lines earn better margins than commodity formulations.

Procurement is the second. Purchasing soybean meal, fishmeal and premix for more than 30 million tonnes of capacity lets the group negotiate as one of the largest buyers in Asia and pass part of the benefit into price. The joint venture with Louis Dreyfus Company, now producing and taking further investment, connects that purchasing desk to a global grain trader's origination network, and acquisitions in South-East Asia shorten the distance to farmers there.

Strategic Expansion

Growth is being pushed outward because the domestic market is already deep. Vietnam, India, Indonesia and Ecuador are the fastest-growing aquatic feed and fry markets for the group, and buying local plants delivers capacity, formulations tuned to local species and a customer list in one transaction. The strategy reads as the Chinese model applied where pond farming is still expanding: sell fry, feed and advice together and let the farmer's yield do the selling.

Capital keeps moving toward the upstream end. Hatchery and broodstock work takes the research budget, and adding aquatic animal-health capacity follows the same logic, since disease is the largest single cause of lost yield on a shrimp farm. Feed mills are added where demand justifies the freight, and the trading arm moves raw materials between regions when local prices diverge, which keeps utilisation high in a business where mills earn on throughput.

Risks & Outlook

Weather is the visible risk. Typhoons and prolonged heat along the south-east coast damage ponds and delay harvests, and the farmers affected pay for feed later than planned, which lengthens the receivables cycle and raises the provision against doubtful debts. Feed ingredient prices are the second pressure: soybean meal, fishmeal and premix are global commodities, and a formulator that cannot pass a cost increase through quickly absorbs it in margin.

The structural question is category. More than half of turnover comes from livestock and poultry feed and from trading, businesses the index does not count as aquatic, so the score rests on a segment that is growing faster than the whole but is still the smaller part of it. That is also the protection: no single species or single stretch of coast can take the company down. VerityRank Score of 89/100.