New stock news | Sturgeon Technology passes the hearing of the Hong Kong Stock Exchange, achieving the world's top selling caviar for 11 consecutive years.

According to the disclosure by the Hong Kong Stock Exchange on June 14th, Hangzhou Qiandaohu Sturgeon Technology Co., Ltd. (referred to as Sturgeon Technology) has passed the listing hearing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and China Securities Co., Ltd. International as joint sponsors. The prospectus shows that Sturgeon Technology is the world's largest caviar company. According to the data consulted by Zhushi Consultancy, the company has been the world's top seller of caviar for 11 consecutive years since 2015. From 2021 to 2025, the company's caviar sales continue to account for over 30% of the global caviar market, reaching 36.1% in 2025, more than four times that of the second largest company in the world. With over 20 years of industry experience and development, the company has successfully built a sturgeon and caviar value chain covering sturgeon breeding and aquaculture, caviar processing, sales, and brand marketing. According to the data consulted by Zhushi Consultancy, in terms of scale and variety, the company has the world's largest and most diversified sturgeon resource library and is one of the few producers that can supply six major types of caviar. The company has established the international caviar brand "KALUGAQUEEN". Customers mainly include overseas caviar companies, gourmet food companies, as well as restaurants, hotels, and supermarkets in China. As of the latest practicable date, the company's products are sold in 46 countries and regions across Europe, the Americas, and the Asia-Pacific region. Revenue breakdown by product category is as follows: The caviar market in China is growing rapidly, with the compound annual growth rate of caviar consumption expected to be 19.5% from 2025 to 2030, reaching 181.3 tons in 2030. Traditional consumption markets such as Europe and the United States are expected to maintain a compound annual growth rate of over 8.0% from 2025 to 2030. Additionally, other overseas markets such as the Middle East, other regions in Asia (such as Japan and Singapore), and South America are also in a fast-growing stage, with the compound annual growth rate of caviar consumption expected to be 13.5% from 2025 to 2030, reaching 303.3 tons in 2030. The global caviar consumption is expected to have a compound annual growth rate of 10.7% from 2025 to 2030, reaching 1,343.9 tons in 2030. In terms of finances, the company's revenue for the fiscal years 2023, 2024, and 2025 is approximately RMB 577 million, RMB 669 million, and RMB 769 million respectively; during the same period, the net income for the year is approximately RMB 273 million, RMB 324 million, and RMB 365 million respectively.