$LIULIUMEI(06658.HK) fell by more than six percentage points, and $MIXUE GROUP(02097.HK) fell by more than four percentage points. These two new consumption secondary listings in Hong Kong stocks have taken a relatively heavy hit in this wave 😔

$LIULIUMEI(06658.HK) once doubled on its first day of listing and was briefly hyped into a hot concept. Now that sentiment has retreated, the premium for secondary listings is being given back quickly. $MIXUE GROUP(02097.HK), as a leader in the new tea beverage sector, is relatively more solid, but it also can't withstand the overall sell-off. After this wave of speculation in new consumption secondary listings cools down, the process of valuation returning to fundamentals will still take some time to grind.