Qiyunshan Food soars over 107% to HK$26.98 on record high
Qiyunshan Food (2797.HK) soared over 107% in Hong Kong trading to HK$26.98.
The stock triggered a record high signal during regular trading, spiking sharply within five minutes. As a recent IPO in Hong Kong, the company experienced significant volatility prior to this move.
Public records show the firm specializes in snacks such as southern jujube cakes and leads the niche southern jujube market. However, it holds a small share of the broader fruit snack sector and faces risks from revenue reliance on a single product and major clients.