New stock news| Gao Long Marine Port's IPO has been filed, planning to issue no more than 115 million shares.

On January 16, the China Securities Regulatory Commission issued a notice of overseas issuance and listing filing for Gaolong Ocean Group Limited (referred to as "Gaolong Ocean"). The company plans to issue up to 115 million shares of overseas listed ordinary shares and list on the Hong Kong Stock Exchange. The prospectus shows that Gaolong Ocean is a well-respected company in China specializing in the refining and concentration of feed-grade and food-grade fish oil. According to the Torch Insight report, as of the year ended December 31, 2023, Gaolong Ocean had a market share of 24.8% in the Chinese feed-grade fish oil refining and concentration market, ranking first. In the same period, the company also accounted for 9.8% of China's total fish oil exports. Additionally, as of the year ended December 31, 2023, the company had a market share of 3.2% in the China Foods grade fish oil refining and concentration market, ranking eighth. Since its establishment in 2008, Gaolong Ocean has been engaged in feed-grade fish oil refining business and entered the food-grade fish oil refining and concentration business in 2012. The group started by importing crude fish oil from South America and refining feed-grade fish oil. With the continuous development of China's fishing and fish oil industry, Chinese-origin fish oil has become increasingly popular. The group gradually transitioned to using Chinese feed-grade crude fish oil with similar quality characteristics and sold Chinese-origin feed-grade fish oil. During the reporting period, due to the quality, reputation, and high customer recognition of South American food-grade fish oil products, the company primarily used crude fish oil from South America to produce food-grade fish oil products. In terms of the industry, as people's awareness of the health benefits of omega-3 fatty acids and the use of food-grade fish oil continues to increase, consumer awareness of fish oil also continues to rise. According to the Torch Insight report, global consumption of food-grade fish oil (excluding China) is expected to increase from 172,000 tons in 2023 to 232,000 tons in 2028, with a compound annual growth rate of 6.1%. The consumption of China Foods grade fish oil is expected to increase from 30,000 tons in 2023 to 43,000 tons in 2028, with a compound annual growth rate of 7.2%.