北交所消费服务产业跟踪第二十三期：HPP设备和HPP果汁市场发展前景向好，关注北交所相关标的

Group 1 - The HPP (High Pressure Processing) technology is a cutting-edge sterilization method that utilizes physical high pressure instead of high temperature, preserving the nutritional value and flavor of food products. It is expected that the HPP equipment market in the Asia-Pacific region will grow at an annual rate of 25%, with China likely to initiate domestic substitution [3][6][12] - The report highlights that the domestic design and production of HPP equipment in China are still behind foreign standards, but the first domestically produced HPP equipment by LITONG Technology is expected to reduce costs by 40% compared to imports. This technology is anticipated to cover 30% of perishable food processing lines by 2030 [3][12][21] - The report identifies LITONG Technology and Tianye Co., Ltd. as key players in the HPP market. LITONG Technology is expanding into HPP technology to explore new revenue growth points, while Tianye Co., Ltd. has already introduced HPP sterilization equipment and is developing a range of HPP juice products [3][26][30] Group 2 - The median market capitalization change for companies in the North Exchange's consumer services sector was -1.67% from July 14 to July 18, 2025. Notably, 10 companies saw an increase in their stock prices, with Jiahua Technology leading at +48.85% [3][35][42] - The median price-to-earnings (P/E) ratio for the consumer sector increased by 7.02% to 72.9X, indicating a positive trend in valuation despite the overall market decline [3][46][47] - The report notes that Jiahua Technology, Hongyu Packaging, and Baixinglong were among the top gainers in market capitalization, reflecting strong performance in the consumer sector [3][44][48] Group 3 - The report indicates that the median P/E ratio for the food and beverage sector decreased from 44.1X to 43.6X, with companies like Kangbiter and Tianye Co., Ltd. showing positive stock performance [3][47][49] - The professional technical services sector saw a slight increase in its median P/E ratio from 33.7X to 33.9X, with companies like Guangzi International showing positive stock performance [3][50][51] Group 4 - Baixinglong plans to establish a joint venture in Vietnam to expand its international market presence, investing RMB 7.65 million to create a creative packaging production base [3][54][55]