Group 1 - Company Sturgeon Technology is considering an IPO in Hong Kong and has engaged advisors for potential stock issuance, although details such as the issuance scale are not yet determined [1] - If successful, Sturgeon Technology may become the first "caviar stock" in the Hong Kong market [1] - The company was established in 2003 and is one of the earliest enterprises in China to research artificial sturgeon farming, with a total farming scale of 13,000 tons and an annual processing capacity of 250 tons of caviar and 2,000 tons of fish products [1] Group 2 - In 2023, Sturgeon Technology's caviar export volume accounted for 69.58% of China's total exports, and it holds an 80% market share in the domestic caviar market [1] - The company currently produces approximately 35% of the world's caviar, making it the largest caviar producer globally [1] - Financially, Sturgeon Technology's total revenue for 2024 is projected to reach 670 million yuan, a year-on-year increase of 15.95%, with a net profit attributable to the parent company of 293 million yuan, reflecting a growth of 23.62% [1] Group 3 - Recently, Sturgeon Technology's shareholders voted to terminate its listing on the New Third Board, and the company's stock has been suspended [2] - The company had only been listed for a little over a year since its debut in March 2024, and the decision to delist was based on the overall planning of the company's strategic development and industry conditions [2] - Following the termination of the listing, Sturgeon Technology aims to deepen its main business development, enhance market competitiveness, and improve sustainable development capabilities [2]