Di Yi Cai Jing·2025-11-19 23:31Core Viewpoint - China has suspended the import of Japanese seafood due to Japan's failure to provide promised technical materials regarding product safety, which has led to a significant decline in Japanese seafood exports to China [1][3]. Group 1: Impact on Japanese Seafood Exports - Japan's agricultural and seafood exports are projected to decline for the first time in four years, with a year-on-year decrease of 1.8% in the first half of 2024, totaling 701.3 billion yen (approximately 70.13 billion yuan) [3]. - Exports to mainland China have plummeted by 43.8%, amounting to only 78.4 billion yen, with seafood exports experiencing a dramatic drop of 92.3%, reduced to just 3.5 billion yen [3]. Group 2: Domestic Market Response - Japanese seafood's market share in China is already low, and many restaurants have alternative sources for ingredients, indicating minimal impact on local dining establishments [3]. - Major retail chains have largely ceased importing Japanese seafood since the nuclear wastewater discharge incident, with a shift towards sourcing local seafood products instead [1][3]. Group 3: Market Reaction - Following the announcement of the import suspension, the seafood sector saw a collective surge, with several key stocks hitting the daily limit up, including Guolian Aquatic (300094.SZ) and others [3].