Qiyunshan Food Soars Over 118% on Debut to HK$23.50

Qiyunshan Food (2797.HK) soared over 118% during regular trading to HK$23.50 on its first day of listing.

The company, which issued shares at HK$8, is a leading Chinese snack food maker specializing in jujube-based products. Its flagship brand "Qiyunshan" holds the top market share in China's jujube product sector by retail value, with an estimated 29.0% market share projected for 2025. The company's signature jujube cake has received Green Food certification for 30 consecutive years.