Core Viewpoint - Liuliu Guoyuan Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to expand its market presence in the fruit snack industry, with projected revenue growth from 1.174 billion yuan in 2022 to 1.616 billion yuan in 2024 [1] Financial Performance - The company reported total revenues of 1.174 billion yuan, 1.322 billion yuan, and 1.616 billion yuan for the years 2022, 2023, and 2024, respectively [1] - Corresponding net profits are projected to be approximately 68 million yuan, 99 million yuan, and 148 million yuan for the same years [1] Product Categories - Liuliu Guoyuan offers three main product categories: dried plum snacks, plum products, and plum jelly [1] - The revenue from plum jelly is expected to grow significantly from 230 million yuan in 2022 to 410 million yuan in 2024, indicating its role as a key driver for the company's performance [1] Market Position - By 2024, the market size of the fruit snack industry in China is projected to reach 52 billion yuan, with the top five market participants holding a combined market share of 14.5% [3] - Liuliu Guoyuan is expected to rank first in the fruit snack industry in China with a market share of 4.9% [3] - In the jelly industry, the market size is anticipated to reach 31 billion yuan by 2024, with Liuliu Guoyuan ranking sixth and holding a market share of 2.9% [3] Use of Proceeds - The funds raised from the listing will be used to expand production capacity for dried plum snacks, plum jelly, and product ingredients, enhance brand awareness, expand sales networks, and explore international markets [3] - The company plans to recruit R&D personnel to enrich its product offerings over the next three years [3]