BRIEF: Pop Mart profit quadruples on overseas growth, popular toys

9992.HK

Leading collectible toy brand Pop Mart International Group Ltd. (9992.HK) announced on Tuesday that its revenue rose 200% or more year-on-year in the first half of this year. It said it expects to report its net profit, excluding the impact of fair value changes in financial instruments, rose by 350% during the period.

The maker of popular Labubu toys attributed the major growth to stronger global traction for its brand and intellectual properties (IPs), a more diversified product portfolio, continued expansion in overseas markets, and enhanced profitability driven by economies of scale and cost control.

Pop Mart’s share opened lower on Wednesday and closed at HK$246.4 by the midday break, down 6.38%.

By Lee Shih Ta

To subscribe to Bamboo Works weekly free newsletter, click here

,
, ,

Related Articles

RELATED ARTICLES

  1. Top Toy heads for separte listing
    Miniso struggles to impress investors, even with a successful ‘toy story’
    9896.HK MNSO.US
  2. 52Toys taps China’s designer toy boom in play for Hong Kong IPO
  3. QuantaSing finds new tune in experiential pop toys
    QSG.US
  4. Game time for another IPO hopeful in China’s booming toy market 
  5. QuantaSing excites investors with new toy tune
    QSG.US
  6. Fosun jewelry unit mines gold from new investors even as its profit shrinks
    0656.HK 600655.SHG
  7. Labubu fever, and a skincare brawl
    9992.HK 2367.HK
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

robotaxi commercialization faces hidden barriers

China’s robotaxi commercialization faces hidden barriers

Key hurdles have shifted from purely technological breakthroughs to feasible business models and implementation of policy and regulatory frameworks    By Lead Leo Research Institute In 2025, China’s robotaxi industry…
Illustration of a cosmetic surgeon

Private healthcare’s unclear road, and a surging cosmetic surgeon

Private clinic operators for medical treatments like eye and dental care are facing a difficult path as Chinese consumers rein in their spending. What's ahead for this group? And cosmetic surgery services provider So-Young's shares have soared in recent weeks as investors embrace its shifting business model. Why are they suddenly so confident?
2219.HK SY.US