---
title: "Hong Kong stock movement: QIYUNSHAN FOOD fell 14.41%, with liquidity risks in small-cap stocks putting pressure on the stock price"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294647065.md"
description: "QIYUNSHAN FOOD fell 14.41%; WH Group fell 0.65%, with a transaction amount reaching HKD 281 million; Mengniu Dairy fell 1.85%, with a transaction amount reaching HKD 222 million; Muyuan Foods fell 0.18%, with a transaction amount reaching HKD 72.43 million; Haitian Flavoring & Food fell 0.55%, with a market value of HKD 191.4 billion"
datetime: "2026-08-03T06:01:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294647065.md)
  - [en](https://longbridge.com/en/news/294647065.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294647065.md)
---

# Hong Kong stock movement: QIYUNSHAN FOOD fell 14.41%, with liquidity risks in small-cap stocks putting pressure on the stock price

**Hong Kong Stock Movement**

QIYUNSHAN FOOD fell by 14.41%. Based on recent key news:

1.  On July 31, QIYUNSHAN FOOD experienced significant price fluctuations due to a small circulation. The institutional subscription multiple was low, while the retail subscription multiple was extremely high, indicating a liquidity phenomenon rather than value discovery. The stock price may return to the mean after the lock-up period ends. Source: Lin Yankun analyzes the invisible pressures facing the consumer industry IPO.

**Stocks with High Trading Volume in the Industry**

WH Group fell by 0.65%. Based on recent key news:

1.  On August 3, WH Group recorded a large cross-trade involving HKD 127 million, with the stock price down 0.6% to 0.7% from the previous closing price. This transaction led to a price drop, with a trading amount reaching HKD 258 million, and the dominant buy-sell ratio was 66:34, indicating market interest in buying the stock.
    
2.  On August 3, WH Group's stock price fell to HKD 8.4, with a trading volume of 30.67 million shares, indicating selling pressure in the market.
    
3.  No other significant news recently. Market capital inflow, with significant industry volatility.
    

Mengniu Dairy fell by 1.85%. Based on recent key news:

1.  On July 31, Mengniu Dairy announced the repurchase and cancellation of 300,000 shares, leading to price fluctuations. The repurchase price ranged from HKD 16.74 to 18 per share, reducing the number of shares issued to 3,871,192,513 shares. Source: Zhitong Finance
    
2.  On August 1, the World Dairy Conference opened in Hohhot, where Mengniu Group announced several technological achievements to enhance industry competitiveness. This move may boost market confidence in Mengniu. Source: Times Finance
    
3.  On August 2, Mengniu Dairy released its 2025 financial report, showing a 22% year-on-year increase in cheese business revenue, with stable operating profit margins. This performance may have a positive impact on the stock price. Source: Zhitong Finance, deep processing of dairy products remains an industry trend.
    

Muyuan Food fell by 0.18%, with a trading volume of HKD 72.43 million, and no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

**Stocks with High Market Capitalization in the Industry**

Haitian Flavoring & Food fell by 0.55%, with a market capitalization of HKD 191.4 billion, and no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation

### Related Stocks

- [02797.HK](https://longbridge.com/en/quote/02797.HK.md)
- [00288.HK](https://longbridge.com/en/quote/00288.HK.md)
- [02319.HK](https://longbridge.com/en/quote/02319.HK.md)
- [02714.HK](https://longbridge.com/en/quote/02714.HK.md)
- [03288.HK](https://longbridge.com/en/quote/03288.HK.md)

## Related News & Research

- [Jiangxi Qiyunshan Food says no price stabilization action taken during post-IPO period](https://longbridge.com/en/news/294944398.md)
- [Cocoa Prices Pressured by Larger Supplies from Ghana](https://longbridge.com/en/news/295258667.md)
- [Wendy's (WEN) To Report Earnings Tomorrow: Here Is What To Expect](https://longbridge.com/en/news/295047823.md)
- [Hong Kong police to merge Tin Sum division with Sha Tin and Ma On Shan](https://longbridge.com/en/news/295083089.md)
- [China Foods sets board meeting to review interim results](https://longbridge.com/en/news/295085514.md)