小龙虾价格暴降近50%，短期内将继续下探

Group 1: Market Trends - The consumption of crayfish is entering a peak season with daily sales increasing from 2,000-3,000 jin to 30,000-50,000 jin [1] - Despite the peak season, crayfish prices are declining significantly, with the price of medium-sized crayfish dropping from approximately 42 yuan per jin to 13 yuan per jin [1] - The wholesale price of crayfish reached over 70 yuan per kilogram in the first four months of the year, but fell to 38 yuan per kilogram in May, indicating a nearly 50% decrease [2] Group 2: Supply and Demand Dynamics - The price drop is attributed to an oversupply in the market due to advancements in crayfish farming technology and an increase in production areas [2] - The upcoming bulk supply of crayfish from regions like Hubei and Shandong is expected to intensify the price competition in the market [2] - High temperatures in July and August may lead to a reduction in crayfish supply, potentially causing prices to rebound [2] Group 3: Company Performance - Guolian Aquatic Products reported a net loss of approximately 742 million yuan last year, with a 25.25% decline in revenue from its aquatic food business, which includes crayfish [3] - The company announced the termination of its crayfish and fish deep processing expansion project, originally planned with an investment of 602 million yuan, due to changes in market demand and declining crayfish prices [3] - The crayfish farming area in China was about 30 million mu last year, with total production exceeding 3 million tons, indicating a robust industry despite current challenges [3][4]