New Stock News | Qiyunshan passes the Hong Kong Stock Exchange hearing and is ranked first in the industry in terms of retail sales of southern hawthorn food in 2025.

According to the Hong Kong Stock Exchange disclosed on June 23, Jiangxi Qiyunshan Food Co., Ltd. (Qiyunshan) has conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with Zhongtai International being its exclusive sponsor. According to data from Zhushizixun, by 2025, the company holds a 29.0% market share of the Chinese southern hawthorn food market based on retail sales, ranking first in the industry. The prospectus shows that Qiyunshan is a fruit snack company in China that mainly sells southern hawthorn food products. The company launched its first Southern Hawthorn Cake in 1992, which is the company's flagship product. Its brand "Qiyunshan" is a well-known southern hawthorn food brand in China. According to data from Zhushizixun, China's fruit snack market presents a highly fragmented pattern. Based on retail sales in the fiscal year 2025, the top ten companies only account for 10.1% of the total market share. The market size of China's fruit snack market is 107.4 billion yuan, accounting for 7.4% of the total share of the entire snack market in China. Based on retail sales in fiscal year 2025, Qiyunshan ranks ninth in China's fruit snack industry and holds a market share of 0.56%. As of the latest feasible date, Qiyunshan has two main Southern Hawthorn products, namely Southern Hawthorn Cake and Southern Hawthorn Granules. Other products include Southern Hawthorn Jelly, Southern Hawthorn Soft Candy, Southern Hawthorn Frozen, and other fruit and vegetable cakes (including navel oranges, green plums, loquats, and water chestnuts). In addition to selling Southern Hawthorn products, during the performance period, the company also provided brand planning and marketing services related to its Camellia oil products to Qiyunshan Oil Tea. With over 30 years of history in the production of Southern Hawthorn food products and professional technology, Qiyunshan has established a solid and loyal customer base by adhering to a commitment to high-quality products and food safety. The company's products reach the end consumers through a wide distribution network covering chain supermarkets and snack chain stores, convenience stores, warehouse-style member stores, and mainstream e-commerce platforms. Qiyunshan's sales and distribution network has deep market penetration in southern China. As of December 31, 2025, the company had cooperated with 230 offline distributors and sold products to chain supermarkets and snack store operators through distributors. The company has also established bases on major e-commerce platforms such as Tmall, Kuaishou, Pinduoduo, JD, and Douyin, actively expanding online business to complement offline channels. In terms of finance, in the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately 247 million yuan, 339 million yuan, and 314 million yuan respectively; during the same period, it recorded net profits of approximately 23.705 million yuan, 53.199 million yuan, and 48.925 million yuan respectively.