Funding will support new infrastructure, innovation and scientific partnerships.

Hengxing has 7 aquatic food and premade food processing plants across the country. its products are sold well in more than 20 countries and regions.

Shanghai Fisheries Group acquired Albo, retaining the original team and updating production line equipment. The annual production capacity increased by more than 40% to 100 million cans, injecting new vitality into the century old European enterprise.

Guolian's products include white shrimp, crayfish, fish, bullfrog and related premade aquatic foods.

In the first half of 2024, the group's revenue was approximately RMB 800 million, a year-on-year increase of approximately 6.8%; The gross profit is approximately RMB 195 million, with a gross profit margin of approximately 24.4%.

Guolian Aquatic released its 2024 semi-annual report, achieving operating income of 2.022 billion yuan in the first half of 2024, a year-on-year decrease of 25.02%; and achieving net profit of 17.5406 million yuan, a year-on-year increase of 109.41%.