On November 26, the stock price of Yihai Kerry Golden Dragon Fishery Group Co., Ltd. (Golden Dragon Fish) fell again. This marks the fifth consecutive day of decline following the company being ordered to jointly compensate 1.8 billion yuan. Over the past five days, the market value of Golden Dragon Fish has evaporated by over 10 billion yuan.
The stock price of Golden Dragon Fish on November 26 closed at 29.60 yuan per share, a decrease of 1.30%. This decline has persisted for five consecutive trading days, triggered by an announcement made by the company on November 20.
In the announcement titled “Progress Report on the Criminal Indictment Against Subsidiary Received,” Golden Dragon Fish stated that its subsidiary, Guangzhou Yihai (Yihai (Guangzhou) Grain and Oil Industry Co., Ltd.), received a first-instance criminal judgment from the Huainan Intermediate People’s Court on November 20. The judgment held that Guangzhou Yihai, together with Yunnan Huijia Import and Export Co., Ltd., is jointly responsible for compensating Anhui Huawen International Economic and Trade Co., Ltd. for an economic loss of 1.881 billion yuan.
Despite Guangzhou Yihai filing an appeal on the spot and both Guangzhou Yihai and the company not accepting the first-instance judgment, the stock price began to decline the next day after the announcement was made.
Analysts believe that this ruling has had a significant impact on Golden Dragon Fish’s finances, which have been declining year by year.
According to Shenzhen Business Daily on November 24, from 2020 to 2024, Golden Dragon Fish’s net profit attributable to shareholders has been decreasing annually, with figures of 6.001 billion yuan, 4.132 billion yuan, 3.011 billion yuan, 2.848 billion yuan, and 2.502 billion yuan, shrinking by nearly 60%; meanwhile, the company’s gross profit margin has been declining and slightly rebounding, at 11.01%, 8.18%, 5.68%, 4.83%, and 5.35%, respectively.
The report stated that the globally renowned index company MSCI announced the results of the November 2025 index review, with 20 stocks, including Golden Dragon Fish, being removed. This adjustment will take effect after the market closes on November 24.
The Chinese microblogging platform “New Consumer Goods Research and Observation” believes that “this decision may affect the allocation of passive funds and further exacerbate the stock price pressure on Golden Dragon Fish.”
Public information shows that the MSCI China Index is an index compiled by MSCI to track the performance of Chinese concept stocks. Mainly targeted at international and domestic investors in the Chinese market, the MSCI China Index can be seen as a retrospective judgment of the performance of the Chinese market, but it will also continue to have an impact on the overall market. Market observers generally believe that inclusion in the MSCI China Index means being included in the MSCI Global Standard Index series, making it easier to attract passive funds from overseas.
Publicly available information indicates that Yihai Kerry Golden Dragon Fishery Group Co., Ltd. is a leading agricultural and food processing company in China, headquartered in Shanghai. It was listed on the Shenzhen Stock Exchange in 2020 and owns well-known brands such as Golden Dragon Fish, Olivier Irene, Hujihua, and Xiangmanyuan.