Futu News, June 15:$LIULIUMEI (06658.HK)$Shares opened higher on the first day, surging nearly 118%, and were trading at HK$95 as of this report; with a board lot of 100 shares, each lot generated a profit of HK$5,142, excluding transaction fees.
Source of Market Data: Futu Securities
According to prior reports, in Futu’s previous-day grey market trading, Liuliumei shares closed up 127.74% at HK$99.25. With a board lot of 100 shares, each lot yielded a profit of HK$5,567, excluding transaction fees.
Additionally, earlier reports indicated that during the public offering phase, Liuliumei received 6,586.73 times subscription demand. The final number of shares allocated to the public offering amounted to 1.1465 million shares, representing approximately 10% of the total offering. A total of approximately 180,500 valid applications were received, with around 11,465 applications processed. The approximate allocation ratio for applicants who applied for one lot was 1.5% of the total shares applied for.
Furthermore, during the international placement phase, Liuliumei received 2.64 times subscription demand. The final number of shares allocated to the international offering totaled 10.3176 million shares, equivalent to 90% of the total offering.
Company Overview
The company is a fruit snack enterprise specializing in plum-based products. It is also committed to promoting plum culture by offering snacks made with natural ingredients. Guided by a product development strategy centered on plums, the company has built a diversified portfolio of plum-based products, ranging from classic lines crafted using traditional techniques to innovative offerings that blend various flavors. Since launching its flagship brand 'Liu Liu Mei' in 2001, the company has focused on developing high-quality plum products and unlocking the culinary potential of the plum's distinctive tartness.
According to Frost & Sullivan, the company ranked first in retail sales in China's fruit snack industry in 2024, with a market share of 4.9%. Since its launch in 2019, the company's plum jelly has quickly captured consumer attention with its naturally refreshing taste.
Financial Highlights
The company's revenue increased by 22.2% from RMB 1,322.0 million in 2023 to RMB 1,616.0 million in 2024, and further rose by 5.9% to RMB 1,710.7 million in 2025. Gross profit grew by 10.0% from RMB 529.7 million in 2023 to RMB 582.5 million in 2024, and increased by an additional 4.5% to RMB 608.7 million in 2025. The company reported net profits of RMB 99.2 million, RMB 147.7 million, and RMB 182.1 million for the years 2023, 2024, and 2025, respectively.
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Editor/Vincent