According to the Zhitong Finance APP, QIYUNSHAN FOOD (02797) fell over 34% on the second day of its listing, after surging over 160% yesterday. As of the time of writing, it has dropped 34.1%, trading at HKD 13.84, with a transaction volume of HKD 18.5732 million.

Public information shows that QIYUNSHAN FOOD is a fruit snack company primarily selling products made from South sour jujube, with its core products being South sour jujube cake and South sour jujube pieces. From a financial perspective, the company's past performance has been volatile. From 2023 to 2025, the company's revenue is projected to be HKD 247 million, HKD 339 million, and HKD 314 million, with net profits of HKD 23.705 million, HKD 53.199 million, and HKD 48.925 million, respectively. The performance volatility is attributed to a reduction in sales orders for South sour jujube cakes from a certain customer, as well as factors such as the Lunar New Year base. It is reported that QIYUNSHAN FOOD's listing this time did not have cornerstone investors