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Liuliumei

Full company profile

uuid000nlz3

Namestring
Liuliumei
Legal namestring
溜溜梅股份有限公司
Websiteurl
liuliumei.com
Company typeenum
Private
Founded yearint
2006
Descriptiontext

Liuliumei Co., Ltd. (溜溜梅股份有限公司) is a China-based consumer packaged goods company founded in 2006 and headquartered in Wuhu, Anhui Province, focused on the processing, sale, and research of plum-based snack products. The company operates a diversified "Mei+" (Plum Plus) product matrix spanning four sub-brands: classic Liuliumei plum snacks (including ice-cool plum, green tea plum, and dark plum varieties), Meidong natural plum jelly, Ximei Qiansheng prune fiber wellness products, and traditional green plum processed items. Its proprietary technology stack includes green plum pulp with 40%+ fruit juice content, a positive pressure filtration sterile fresh-keeping technology, and the Meidong Technology Factory (operational since 2022) equipped with imported ORIHRO processing equipment, producing items carrying "Three Zero Additions" claims (no preservatives, no artificial colors, no fat). Per Frost & Sullivan, Liuliumei ranked #1 in China's fruit snack industry with 4.9% retail value share and #1 in the natural jelly category with 45.7% retail value share in 2024.

The company sells direct-to-consumer through official storefronts on Tmall, JD.com, and Pinduoduo, and offline through snack stores, discount stores, convenience stores, KA accounts, and a distributor network exceeding 100,000 retail outlets under its "Five One Project." Marketing relies on celebrity endorsement (Chinese idol group Shidai Shaotuan since December 2023), Douyin and Xiaohongshu seeding, elevator media, and event-driven launches, with retail prices spanning 3.9 to 49 yuan and a 2024 initiative reducing prices on 20+ SKUs by 10%. Target segments include health-conscious adults as the primary persona, with secondary personas spanning children/teenagers (lactic acid bacteria range), white-collar workers, and refined mothers.

Liuliumei is preparing for an IPO on the Hong Kong Stock Exchange under ticker 6658, with global offering documents published in June 2026, supported by a Sequoia Capital-led Series A in 2015 and subsequent rounds through January 2025. The company holds multiple national certifications (China Well-Known Trademark, National Green Factory, Agricultural Industrialization Key Leading Enterprise) and maintains wholly-owned operating subsidiaries including Anhui Liuliu Orchard New Retail Marketing and Anhui Liuliu Orchard Sales. Its broader ambitions include the "Green Plum Town" cultural landmark concept and a vision to position itself as a national snack brand supporting "Healthy China."

Short descriptiontext

Liuliumei is a China-based consumer packaged goods company founded in 2006 that produces plum-based snacks and natural plum jelly under the "Mei+" product matrix, ranked #1 in China's fruit snack industry (4.9% retail share) and #1 in natural jelly (45.7% retail share) per Frost & Sullivan 2024.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersWuhu, China
HQ citystring
Wuhu
HQ countrystring
China
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
plum snacks, fruit snacks, natural jelly, preserved plums, snack manufacturing
Industry2 codes
1Dried Fruit & Fruit Snacks Manufacturing
CodeAFAKAIALPrimaryYes
2Fruit Snacks & Dried Fruit
CodeCRADABAJPrimaryNo
NAICS code2 codes
  • Fruit and Vegetable Preserving and Specialty Food Manufacturing3114
  • Nonchocolate Confectionery Manufacturing31134
SIC code2 codes
  • Canned, Frozen & Preservd Fruit, Veg & Food Specialties2030
  • Canned, Fruits, Veg, Preserves, Jams & Jellies2033
Product category
Fruit Snacks
No data
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model1 record
1Plum Snack Products
TypeOne Time License
Description

Core revenue stream from plum-based snacks including classic plum products (溜溜梅), natural plum jelly (天然梅冻), prune fiber products (西梅纤生), and green plum products (青梅制品). The company operates a diversified plum product matrix covering traditional technique-based classic series to innovative products with various flavors.

liuliumei.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels7 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D, Infrastructure
Pricing details1 tier
1Product line spanning from mass market to premium segments
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Retail prices ranging from 3.9 yuan to 49 yuan across different product specifications. In 2024, the company announced price reductions of 10% on over 20 products to provide better value to consumers and retailers.

liuliumei.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1溜溜梅(经典青梅系列)
Description

中国青梅溜溜梅经典系列产品

liuliumei.com
+3 more records
Core offering1 text field

Liuliumei manufactures and sells plum-based snack products under a diversified 'Plum+' (梅+) product matrix, including classic preserved plum snacks (溜溜梅), natural fruit jelly (梅冻) made with proprietary green plum pulp and 40%+ real fruit content, prune fiber wellness products (西梅纤生), and traditional green plum products (青梅制品). The company operates its own production facilities including the Meidong Technology Factory and distributes through e-commerce platforms and offline retail channels across China.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 15% monthly repurchase rate for lactic acid bacteria fruit plum jelly (140,000 bags sold on launch day)
+2 more records
Product overview1 text field

Liuliumei (溜溜梅) is a leading Chinese plum (梅) snack food company offering a diversified product portfolio centered around the '梅+' (Plum Plus) strategy. The company produces four main product lines: (1) Classic plum snacks (溜溜梅) including various plum varieties like ice-cool plum, green tea plum, and dark plum; (2) Natural plum jelly (梅冻/天然梅冻) using proprietary technology with 40%+ real fruit pulp, featuring zero preservatives, artificial colors, and fat; (3) Prune fiber wellness products (西梅纤生); and (4) Green plum processed products (青梅制品). The company positions itself as the leader in China's plum-based snack market, offering both traditional snacks and innovative health-focused jelly products targeting consumers across different age groups.

Product and service3 records
1Liuliumei Classic Plum Snacks (溜溜梅)
CategoryPreserved Plum Snacks
Description

Classic Chinese plum (青梅) snack series featuring various flavors including ice-cool plum (雪梅), green tea plum (绿茶青梅), and dark plum (乌梅). Positioned as healthy plum-based snacks for diverse consumer preferences across age groups.

2Meidong Natural Plum Jelly (梅冻 / 天然梅冻)
CategoryNatural Fruit Jelly
Description

Natural plum jelly series made with real fruit pulp (40%+ fruit content) using proprietary green plum pulp and positive pressure filtration sterile fresh-keeping technology. Features 'Three Zero Additions': no preservatives, no artificial colors, and no fat. Ranked #1 in China's natural jelly industry by retail sales in 2024 with 45.7% market share.

3Ximei Qiansheng Prune Fiber Products (西梅纤生)
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
1卫龙美味 (Weilong)
TypeDirect peer
Description

China's leading packaged snack brand (spicy gluten strips, vegan jelly-style snacks). Comparable as a scaled, branded Chinese snack manufacturer selling across the same modern retail and e-commerce channels.

2喜之郎 (Xizhilang)
TypeDirect peer
Description

China's largest jelly/confectionery brand and the incumbent Liuliumei is directly displacing in the natural jelly subcategory. Both compete on shelf in CVS, KA, and e-commerce for the same fruit-jelly consumption occasion.

TypeDirect peer
Description

Leading China nut and dried-fruit snack brand with strong Tmall/JD presence. Direct competitor in dried fruit snacking and benchmark for e-commerce-led branded snack scaling.

4来伊份 (Laiyifen)
TypeDirect peer
Description

Major Chinese snack chain/store brand with overlapping dried fruit and preserved plum SKUs. Comparable on branded snack retail and product portfolio breadth.

TypeDirect peer
Description

Premium multi-category Chinese snack brand with overlapping dried fruit, preserved fruit, and confectionery SKUs. Comparable on omnichannel retail model and premium positioning.

6洽洽食品 (Chacha Food)
TypeDirect peer
Description

Publicly listed Chinese snack manufacturer with diversifying into nut/fruit snack categories. Comparable on branded snack manufacturing scale, KA distribution, and trade marketing depth.

7盐津铺子 (Yanjin Shop)
TypeDirect peer
Description

Chinese listed snack company with overlapping preserved fruit and vegetable snack categories. Comparable on mass-market snack positioning, manufacturing, and modern retail distribution.

8好想你 (Haoxiangni)
TypeDirect peer
Description

China's leading red date/dried fruit health-snack brand. Most directly comparable peer in dried fruit category leadership, health positioning, and red-date fruit snack adjacencies.

9百草味 (Be&Cheery / Haoxiangni旗下)
TypeDirect peer
Description

Major Chinese online snack brand now under Haoxiangni group, with strong dried fruit and nut snack presence. Direct competitor in e-commerce fruit snack categories.

TypeOthers
Description

Global leader in prunes and dried fruit. Comparable on prune/western dried fruit category technology and product form factor (prune fiber is one of Liuliumei's sub-brands).

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Liuliumei

Fruit Snacksliuliumei.com

Liuliumei is a China-based consumer packaged goods company founded in 2006 that produces plum-based snacks and natural plum jelly under the "Mei+" product matrix, ranked #1 in China's fruit snack industry (4.9% retail share) and #1 in natural jelly (45.7% retail share) per Frost & Sullivan 2024.

What Liuliumei does

Liuliumei Co., Ltd. (溜溜梅股份有限公司) is a China-based consumer packaged goods company founded in 2006 and headquartered in Wuhu, Anhui Province, focused on the processing, sale, and research of plum-based snack products. The company operates a diversified "Mei+" (Plum Plus) product matrix spanning four sub-brands: classic Liuliumei plum snacks (including ice-cool plum, green tea plum, and dark plum varieties), Meidong natural plum jelly, Ximei Qiansheng prune fiber wellness products, and traditional green plum processed items. Its proprietary technology stack includes green plum pulp with 40%+ fruit juice content, a positive pressure filtration sterile fresh-keeping technology, and the Meidong Technology Factory (operational since 2022) equipped with imported ORIHRO processing equipment, producing items carrying "Three Zero Additions" claims (no preservatives, no artificial colors, no fat). Per Frost & Sullivan, Liuliumei ranked #1 in China's fruit snack industry with 4.9% retail value share and #1 in the natural jelly category with 45.7% retail value share in 2024.

The company sells direct-to-consumer through official storefronts on Tmall, JD.com, and Pinduoduo, and offline through snack stores, discount stores, convenience stores, KA accounts, and a distributor network exceeding 100,000 retail outlets under its "Five One Project." Marketing relies on celebrity endorsement (Chinese idol group Shidai Shaotuan since December 2023), Douyin and Xiaohongshu seeding, elevator media, and event-driven launches, with retail prices spanning 3.9 to 49 yuan and a 2024 initiative reducing prices on 20+ SKUs by 10%. Target segments include health-conscious adults as the primary persona, with secondary personas spanning children/teenagers (lactic acid bacteria range), white-collar workers, and refined mothers.

Liuliumei is preparing for an IPO on the Hong Kong Stock Exchange under ticker 6658, with global offering documents published in June 2026, supported by a Sequoia Capital-led Series A in 2015 and subsequent rounds through January 2025. The company holds multiple national certifications (China Well-Known Trademark, National Green Factory, Agricultural Industrialization Key Leading Enterprise) and maintains wholly-owned operating subsidiaries including Anhui Liuliu Orchard New Retail Marketing and Anhui Liuliu Orchard Sales. Its broader ambitions include the "Green Plum Town" cultural landmark concept and a vision to position itself as a national snack brand supporting "Healthy China."

Liuliumei firmographics

Firmographics
Name
Liuliumei
Legal name
溜溜梅股份有限公司
Website
https://liuliumei.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
11–50 employees
Short description
Liuliumei is a China-based consumer packaged goods company founded in 2006 that produces plum-based snacks and natural plum jelly under the "Mei+" product matrix, ranked #1 in China's fruit snack industry (4.9% retail share) and #1 in natural jelly (45.7% retail share) per Frost & Sullivan 2024.
Ownership category
akta.pro rank

Liuliumei industry classification

Industry
Product category
Fruit Snacks
NAICS
Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114), Nonchocolate Confectionery Manufacturing (31134)
SIC
Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Canned, Fruits, Veg, Preserves, Jams & Jellies (2033)
akta.pro primary industry
Dried Fruit & Fruit Snacks Manufacturing (AFAKAIAL)
akta.pro secondary industry
Fruit Snacks & Dried Fruit (CRADABAJ)

Keywords

  • Plum snacks
  • Fruit snacks
  • Natural jelly
  • Preserved plums
  • Snack manufacturing

Where Liuliumei is headquartered

Location

Headquarters

HQ city
Wuhu
HQ country
China
HQ region
Asia

Offices1 record

Markets served

Liuliumei business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D, Infrastructure

Revenue model

  1. Plum Snack Products: Core revenue stream from plum-based snacks including classic plum products (溜溜梅), natural plum jelly (天然梅冻), prune fiber products (西梅纤生), and green plum products (青梅制品). The company operates a diversified plum product matrix covering traditional technique-based classic series to innovative products with various flavors.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goProduct line spanning from mass market to premium segments

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Liuliumei product offering

Product offering

Core offering

Liuliumei manufactures and sells plum-based snack products under a diversified 'Plum+' (梅+) product matrix, including classic preserved plum snacks (溜溜梅), natural fruit jelly (梅冻) made with proprietary green plum pulp and 40%+ real fruit content, prune fiber wellness products (西梅纤生), and traditional green plum products (青梅制品). The company operates its own production facilities including the Meidong Technology Factory and distributes through e-commerce platforms and offline retail channels across China.

Product overview

Liuliumei (溜溜梅) is a leading Chinese plum (梅) snack food company offering a diversified product portfolio centered around the '梅+' (Plum Plus) strategy. The company produces four main product lines: (1) Classic plum snacks (溜溜梅) including various plum varieties like ice-cool plum, green tea plum, and dark plum; (2) Natural plum jelly (梅冻/天然梅冻) using proprietary technology with 40%+ real fruit pulp, featuring zero preservatives, artificial colors, and fat; (3) Prune fiber wellness products (西梅纤生); and (4) Green plum processed products (青梅制品). The company positions itself as the leader in China's plum-based snack market, offering both traditional snacks and innovative health-focused jelly products targeting consumers across different age groups.

Differentiator

Problem solved

Functional benefit

Brands

  • 溜溜梅(经典青梅系列): 中国青梅溜溜梅经典系列产品
  • 梅冻
  • 西梅纤生
  • 青梅制品

Products and services

  • Liuliumei Classic Plum Snacks (溜溜梅) Classic Chinese plum (青梅) snack series featuring various flavors including ice-cool plum (雪梅), green tea plum (绿茶青梅), and dark plum (乌梅). Positioned as healthy plum-based snacks for diverse consumer preferences across age groups.
  • Meidong Natural Plum Jelly (梅冻 / 天然梅冻) Natural plum jelly series made with real fruit pulp (40%+ fruit content) using proprietary green plum pulp and positive pressure filtration sterile fresh-keeping technology. Features 'Three Zero Additions': no preservatives, no artificial colors, and no fat. Ranked #1 in China's natural jelly industry by retail sales in 2024 with 45.7% market share.
  • Ximei Qiansheng Prune Fiber Products (西梅纤生)

Quantifiable outcome

  • 15% monthly repurchase rate for lactic acid bacteria fruit plum jelly (140,000 bags sold on launch day)
  • +2 more outcomes

Companies that use Liuliumei

Customer profile

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Liuliumei technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Liuliumei partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves9 records

Expansion highlights7 records

Liuliumei competitors and assessment

Company assessment

Direct peers

  • 卫龙美味 (Weilong): China's leading packaged snack brand (spicy gluten strips, vegan jelly-style snacks). Comparable as a scaled, branded Chinese snack manufacturer selling across the same modern retail and e-commerce channels.
  • 喜之郎 (Xizhilang): China's largest jelly/confectionery brand and the incumbent Liuliumei is directly displacing in the natural jelly subcategory. Both compete on shelf in CVS, KA, and e-commerce for the same fruit-jelly consumption occasion.
  • 三只松鼠 (Three Squirrels): Leading China nut and dried-fruit snack brand with strong Tmall/JD presence. Direct competitor in dried fruit snacking and benchmark for e-commerce-led branded snack scaling.
  • 来伊份 (Laiyifen): Major Chinese snack chain/store brand with overlapping dried fruit and preserved plum SKUs. Comparable on branded snack retail and product portfolio breadth.
  • 良品铺子 (Bestore): Premium multi-category Chinese snack brand with overlapping dried fruit, preserved fruit, and confectionery SKUs. Comparable on omnichannel retail model and premium positioning.
  • 洽洽食品 (Chacha Food): Publicly listed Chinese snack manufacturer with diversifying into nut/fruit snack categories. Comparable on branded snack manufacturing scale, KA distribution, and trade marketing depth.
  • 盐津铺子 (Yanjin Shop): Chinese listed snack company with overlapping preserved fruit and vegetable snack categories. Comparable on mass-market snack positioning, manufacturing, and modern retail distribution.
  • 好想你 (Haoxiangni): China's leading red date/dried fruit health-snack brand. Most directly comparable peer in dried fruit category leadership, health positioning, and red-date fruit snack adjacencies.
  • 百草味 (Be&Cheery / Haoxiangni旗下): Major Chinese online snack brand now under Haoxiangni group, with strong dried fruit and nut snack presence. Direct competitor in e-commerce fruit snack categories.

Others

  • Sunsweet Growers: Global leader in prunes and dried fruit. Comparable on prune/western dried fruit category technology and product form factor (prune fiber is one of Liuliumei's sub-brands).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Liuliumei compliance and trust

Trust signal

Compliance1 record

Liuliumei financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Liuliumei leadership team

Management profile

Number of profiles

Profiles10 records

Liuliumei subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Liuliumei funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Liuliumei M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liuliumei

What does Liuliumei do?

Liuliumei manufactures and sells plum-based snack products under a diversified 'Plum+' (梅+) product matrix, including classic preserved plum snacks (溜溜梅), natural fruit jelly (梅冻) made with proprietary green plum pulp and 40%+ real fruit content, prune fiber wellness products (西梅纤生), and traditional green plum products (青梅制品). The company operates its own production facilities including the Meidong Technology Factory and distributes through e-commerce platforms and offline retail channels across China.

Is Liuliumei a public or private company?

Liuliumei is a private company. It is classified as public and is currently operating.

When was Liuliumei founded?

Liuliumei was founded in 2006. It employs 11 to 50 people.

Where is Liuliumei based?

Liuliumei is headquartered in Wuhu, China, in the Asia region.

How does Liuliumei make money?

One revenue line is on record: plum Snack Products.

Who are Liuliumei's main competitors?

Direct peers on record are 卫龙美味 (Weilong), 喜之郎 (Xizhilang), 三只松鼠 (Three Squirrels), 来伊份 (Laiyifen), 良品铺子 (Bestore), 洽洽食品 (Chacha Food), 盐津铺子 (Yanjin Shop), 好想你 (Haoxiangni) and 百草味 (Be&Cheery / Haoxiangni旗下). Sunsweet Growers is listed as an others.

Does Liuliumei have an API?

No public API is recorded for Liuliumei.

What industry is Liuliumei in?

Liuliumei's product category is Fruit Snacks. Its primary akta.pro industry code is AFAKAIAL, Dried Fruit & Fruit Snacks Manufacturing, with a secondary code of CRADABAJ, Fruit Snacks & Dried Fruit. Its NAICS code is 3114 and its SIC code is 2030.

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Live signals
JiemianOn the first day of the Liuliu Mei's market launch, the stock price surged by 193%, with a market value exceeding 10 billion Hong Kong dollars.Liuliu Mei launched on the Hong Kong Stock Exchange on June 15, with its stock surging 197.84% on the first day, reaching a market value over 10 billion HKD. The IPO raised about 440 million HKD, with 61% allocated to capacity expansion. The company expects steady revenue growth from 2023 to 2025, though gross margins declined.DoNews溜溜梅商业版图盘点- DoNews快讯Liuliu Mei listed on the Hong Kong Stock Exchange on June 15, with shares opening up over 117%. Investors made about 5,142 HKD per lot, and the company, established in 2009, has a registered capital of 67.35 million RMB and holds shares jointly with Yang Fan and others.DoNews溜溜梅首挂狂飙180%,总市值突破90亿港元- DoNewsLiuliu Mei listed on the Hong Kong Stock Exchange on June 15, with shares rising 180.40% to HKD 122.20, giving a market value of HKD 9.386 billion. The company raised HKD 503 million in five financing rounds from 2015 to 2025, including Sequoia Capital Beijing.Benzinga'Plum King' Sweetens Fourth IPO Bid With New Products, Price CutsLiuliumei Co. Ltd, China's largest fruit snack company founded by entrepreneur Yang Fan (the "Plum King"), has filed for a Hong Kong IPO in its fourth attempt, facing a late-June deadline for nearly 200 million yuan in pre-IPO funding that investors can reclaim if the listing fails. The company reported strong growth with revenue rising 30% over three years to 1.71 billion yuan and net profit nearly doubling to 182 million yuan in 2025. However, Liuliumei faces margin pressure as gross margin declined from 40.1% to 35.6% due to price cuts demanded by large customers like supermarket chains and snack food retailers, while cash reserves also shrank from 78 million yuan to 33.9 million yuan over the same period.