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

9992.HK
Yatsen is a consumer company

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

No related posts.

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

So-Young provides cosmetic services

So-Young finds beauty in growing economies of scale

The company’s revenue rose 33% in the second quarter, as aesthetic treatment services from its growing chain of self-operated clinics jumped 130% Key Takeaways: So-Young’s revenue rose 33% in the…
SY.US
WuXi XDC delivered strong half-year earnings

Bulging order book for bioconjugates lifts WuXi XDC profits

The provider of outsourced pharmaceutical services has delivered unexpectedly strong half-year earnings and has launched its first overseas production hub Key Takeaways: WuXi XDC began operations in August at a…
2268.HK