HK Stock Market Move | Qiyunshan Food (02797) fell more than 34% on the day following its listing. The company's core products are Nanzao jujube cakes and Nanzao jujube grains.

QIYUNSHAN FOOD (02797) fell more than 34% on the day after its market debut, following a surge of over 160% yesterday. As of the time of writing, it has dropped by 34.1% to 13.84 Hong Kong dollars with a trading volume of 18.5732 million Hong Kong dollars. Public information shows that QIYUNSHAN FOOD is a fruit snack company primarily selling products made from sour jujube, with core products including sour jujube cakes and sour jujube granules. Financially, the company has shown some fluctuations in past performance. For the years 2023 to 2025, the company's revenue was 247 million, 339 million, and 314 million yuan respectively, with net profits of 23.705 million yuan, 53.199 million yuan, and 48.925 million yuan respectively. The fluctuations in performance were influenced by factors such as a decrease in sales orders for sour jujube cakes from a particular customer and the impact of the Lunar New Year base. It is reported that QIYUNSHAN FOOD has no cornerstone investors for this listing.