2015至2022年期间，我国水产动保市场规模逐年增长，2022年市场规模突破200亿元，2023年我国水产动保行业市场规模约为184.33亿元，同比缩减9.8%。 2023年，在我国的水产动保产业中，非鱼药类产品市场规模占整个水产动保产品的70%以上。 水产动保产品包括用于内服和注射治疗药物及以外的所有辅助性功能产品。2023年以来，受到水产养殖端行情低迷，养户使用动保积极性下降等因素影响， 全国水产动保产品销量下降。企业、经销商陷入动保产品经营微利化、资金压力加大等困局。据统计，2023年我国水产动保需求量约为263.5万吨，同比下 滑11.34%。 本文节选自华经产业研究院发布的《2023年中国水产动保行业发展现状、产业链上下游及趋势分析「图」》，如需获取全文内容，可进入华经情报网搜索查 看。 水产动保产品生产主要使用化学原料及制品、中草药、小麦、淀粉等原材料，涉及多个行业，还包括相关技术和设备的研发与生产，比如生产设备、检测仪 器等；下游行业为水产养殖业，产品与下游行业的发展趋势、景气度以及周期性具有较强的关联性。 根据农业农村部数据，2022年，全国水产养殖面积达到7107.50千公顷，同比小幅增长 ...

Company Overview - Guangdong Yuehai Feed Group Co., Ltd. primarily engages in the research, production, and sales of aquatic feed, focusing on special aquatic feed products [4][8] - The company has a comprehensive range of aquatic feed products that cater to different growth stages of aquatic animals, including special and ordinary aquatic feeds [5][8] - The company is recognized as a national innovative pilot enterprise and a high-tech enterprise, ranking among the top three in the special aquatic feed industry in China [8][10] Financial Performance - In 2024, the company reported a net loss of approximately 85.39 million yuan, with the parent company's net profit at around -34.34 million yuan [27][29] - The company plans to not distribute any cash dividends for the 2024 fiscal year due to the reported losses [25][28] - The total asset impairment provision for 2024 is set at 342.72 million yuan, which will reduce the company's total profit for the year by the same amount [22][27] Industry Context - The aquatic feed industry in China is experiencing challenges due to adverse weather, diseases, and fluctuating raw material prices, leading to a decline in overall feed production and sales [11][12] - In 2024, the total output value of the national feed industry decreased by 10%, with aquatic feed production down by 3.5% to 2.26 million tons [11][12] - Despite current challenges, the demand for high-quality aquatic products is expected to grow, driven by rising consumer income and changing dietary preferences [12][10] Strategic Initiatives - The company is actively involved in social responsibility initiatives, including the "Yuehai Village" project, which aims to enhance the profitability of local farmers through innovative products and techniques [9] - The company has adopted a "three highs and three lows" technical strategy to improve product quality and efficiency, which is expected to drive industry growth [8][10] - The company has received multiple awards in 2024, highlighting its contributions to the aquatic feed industry and its commitment to innovation and quality [9]