Di Yi Cai Jing·2025-11-19 11:42Core Insights - The Chinese government has announced a suspension of imports of Japanese seafood due to Japan's failure to provide promised technical materials regarding product safety, which has led to a significant decline in the market for Japanese seafood in China [1][3] - Japanese seafood exports to China have seen a drastic drop, with a 43.8% decrease in export value, amounting to only 784 million yen, and seafood exports plummeting by 92.3% to just 35 million yen [3] Industry Impact - Japanese seafood companies are expected to face direct negative impacts due to the suspension of imports, as the overall export value of Japanese agricultural and seafood products has declined for the first time in four years, down 1.8% year-on-year [3] - Major retail chains in China have already reduced imports of Japanese seafood, primarily tuna, and are shifting to local alternatives, indicating that the overall market share of Japanese seafood is low and can be replaced by products from other regions [2] Market Reaction - Following the announcement of the suspension, shares of several domestic seafood companies surged, with stocks like Guolian Aquatic (300094.SZ) hitting the 20% limit up, indicating a positive market sentiment towards local seafood companies amidst the crisis faced by Japanese exporters [3]