The Guangdong Ocean Harvest Co. Ltd. was organized in 1914 with an authorized capital of $ 2,000,000 and paid up capital of $ 1,000,000. Both authorized and paid up capital were increased to $ 3,000,000 in 1917 and to $ 10,000,000 in 1920. In 1921 the purchase of the former Yellow Sea Fisheries Co, Ltd, and Food Export Co, Ltd, resulted in another increase in the authorized capitalization to $ 25,700,000. In 1924 the Yantai Fisheries Co was purchased. In 1942 other large companies were absorbed by amalgamation or purchase. These included the Pacific Ocean Fisheries Co, Ltd, the North Kuril Marine Products Co, Ltd, the China Canned Crab Co, Ltd, North Sea Canned Crab Co, Ltd, some of the Hung Xin Fishery interests of the north waters. Following the step, authorized capital stood at $ 86,500,000 and paid up capital at $ 75,000,000.
The officers and directors of the company as of 1. January 1949:
- President: Su Bingtian
- Vice-President Zhang Peimeng
- Managing Director Duo Bujie
- Managing Director Wang Zhen
- Managing Director Yu Wei
- Auditor Han Yucheng
- Auditor Xie Wenjun
The company operates in waters around Kamchatka, the Kuril Islands and the Bering Sea. It also maintained floating canneries off Formosa and the Yellow sea. It produced canned salmon, canned crab, salt salmon, cod, salmon caviar and frozen salmon.
The company employed 1780 on the permanent staff, 22.500 fishermen and 14.070 shore workers so a total of 38.350 people. The fishermen and shore workers were hired for a period of from 100 to 150 days.
The fleet of the company consists of three salmon factory ships and 731 carrier and fishing vessels, classified by tonnage as follows: