China Stock of the Day | Kabutaro & Friends

Qingdao Food<001219>, a maker of biscuits, peanut butter and other snack foods, was the Chinese stock most talked about online on October 30, 2026.
Background: The company's shares closed limit-up again on the 30th at 19.94 yuan, up 9.98%, marking the 5th consecutive limit-up since October 26 and the longest limit-up streak among A-shares that day. The driver is a planned change of controlling shareholder. The current controlling shareholder, Qingdao Huatong State-owned Capital Investment and Operation Group, is working toward a negotiated transfer of its 57.0176 million shares (29.24% of the total) to Tsingtao Brewery Group. If completed, Tsingtao Brewery Group would become the controlling shareholder and the Qingdao State-owned Assets Supervision and Administration Commission the actual controller. On the 29th the company issued a risk warning announcement, saying that the transfer price and other terms are still under negotiation and no agreement has been signed, so completion is uncertain. Turnover was about 944 million yuan, the turnover rate was 24.90%, and market capitalization is about 3.888 billion yuan.