【新华企业资讯2月25日】2月14日至17日，继1月亮相"世界三大玩具展"之一的德国纽伦堡玩具展后， 中国拼搭角色类玩具品牌布鲁可再度亮相由美国玩具协会主办的美国纽约玩具展。本次展会上，布鲁可 展出了"积木人"和"积木车"两大品类，"星辰版""群星版""自然集""绮遇记""奇迹版""超越版""传奇版"等 10多个产品系列的270多款产品，覆盖变形金刚、飞天小女警、圣斗士星矢、新世纪福音战士、洛克 人、初音未来等近20个世界知名IP，全面展示其丰富的产品矩阵。 图为美国纽约玩 据了解，布鲁可系列产品中，深受玩家欢迎的变形金刚、奥特曼"积木车"等产品在展会中集中亮相，其 中，新品布鲁可积木车变形金刚C0-2"雷霆竞速"中的"路霸""霸王飞机""铁拳"和"打击"4个积木车首次以 彩模形态展出，成为展会亮点之一。有布鲁可积木车的爱好者表示，"希望能早日拿到新产品，让我再 体验一把拼装的乐趣！" 具展上，中国拼搭角色类玩具品牌布鲁可展位现场 图为布鲁可系列 布鲁可积木人"超越版"和"传奇版"也是布鲁可在本次展会中重点展示的产品系列，涵盖了洛克人、圣斗 士星矢、新世纪福音战士、火影忍者等多个IP。此前在2026德国纽伦堡 ...

Group 1 - MSCI announced its quarterly index adjustments for February 2026, effective after the market close on February 27 [2][3] - The MSCI Global Small Cap Index will include 21 new stocks from the China region, such as Anjuke Food (603345), AutoHome (ATHM.US), and Baiaosaitu (02315) [2][3] - The adjustments also include the addition of stocks from Hong Kong, such as Champion REIT (02778) and Longjiang Life Science Technology (00755) [3][4] Group 2 - Stocks removed from the MSCI Global Small Cap Index include Yasheng Service (03319), BOE Technology Group (00710), and Chaince Digital (CD.US) [2][3] - In Hong Kong, stocks like Cafe de Coral (00341) and SuperX AI (SUPX.US) were also removed from the index [4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 布魯可集團有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00325 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | USD | | 0.0001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 500,000,000 | USD | | 0.0001 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 5 ...

Core Viewpoint - The article discusses the rise of the "Guzi Economy" in China, particularly focusing on the booming market for collectible toys and related IP products, highlighting the importance of IP in driving growth and competition in this sector [5][7][19]. Group 1: Market Overview - The "Guzi Economy" refers to the market for IP-related products, including toys, comics, and games, which has gained significant traction among young consumers, largely unaffected by macroeconomic conditions [7][19]. - The market size for the Guzi Economy is projected to grow from approximately 1.7 trillion yuan in 2024 to over 2.4 trillion yuan in 2025, and is expected to exceed 3 trillion yuan by 2027 [13][19]. - The number of active users in the broader two-dimensional market is expected to surpass 350 million by 2025, with over 12 million consumers specifically interested in Guzi products [13][19]. Group 2: Key Players and IPOs - Several companies are preparing for IPOs in the Guzi Economy, including 52TOYS, which is closely modeled after Pop Mart, and has received strategic investment from Wanda Film [8][10]. - Other notable companies include Copper Master, which has received investment from Lei Jun, and TOP TOY, a brand spun off from Miniso, which is also pursuing an IPO [10][11]. - The rapid pace of IPOs reflects the growing interest and investment in the Guzi Economy, with companies like 52TOYS and Suplay aiming to capture market share in the collectible toy segment [10][11]. Group 3: Importance of IP - The core of the competitive landscape in the Guzi Economy is the ownership and development of IP, which is essential for driving sales and brand loyalty [19][25]. - Companies like Pop Mart and Card Game have successfully leveraged popular IPs such as Ultraman and My Little Pony to fuel their growth, while also developing their own IPs [19][25]. - The reliance on external IP poses risks, as companies must navigate licensing costs and the potential expiration of IP rights, making the cultivation of proprietary IP increasingly important [25][26]. Group 4: Future Outlook - Upcoming financial reports from major players like Pop Mart and Bluko will be critical in shaping market expectations and investor confidence in the Guzi Economy [29]. - The ability of these companies to maintain the influence of their existing IPs and develop new ones will be pivotal for their continued success and market valuation [29].

Group 1 - The Hong Kong stock market saw a rise in new consumer stocks, with Pop Mart leading the gains at nearly 5% [1] - Other notable performers included Blukoo, Maogeping, and Guming, which all rose over 3% [1] - Companies such as Laopu Gold, Shangmei Group, Mixue Group, Miniso, Weilon Delicious, and others also experienced increases of over 2% [1] Group 2 - Pop Mart's stock rose by 4.81%, reaching a latest price of 248.600, with a total market capitalization of 333.08 billion and a year-to-date increase of 32.45% [2] - Blukoo's stock increased by 3.84%, with a latest price of 72.950 and a market cap of 18.13 billion, showing a year-to-date rise of 8.96% [2] - Maogeping's stock rose by 3.83%, priced at 89.350, with a market cap of 43.798 billion and a year-to-date increase of 9.36% [2] - Guming's stock increased by 3.58%, with a latest price of 29.500 and a market cap of 70.156 billion, reflecting a year-to-date rise of 19.05% [2] - Laopu Gold's stock rose by 2.91%, priced at 759.500, with a market cap of 134.237 billion and a year-to-date increase of 22.90% [2] - Shangmei Group's stock increased by 2.92%, with a latest price of 67.000 and a market cap of 26.673 billion, showing a year-to-date decline of 7.97% [2] - Mixue Group's stock rose by 2.80%, priced at 396.600, with a market cap of 150.557 billion, reflecting a year-to-date decline of 3.22% [2] - Miniso's stock increased by 2.43%, with a latest price of 37.100 and a market cap of 44.916 billion, showing a year-to-date increase of 1.92% [2] - Weilon Delicious's stock rose by 2.63%, priced at 12.470, with a market cap of 30.316 billion and a year-to-date increase of 10.84% [2] - Hushang Ayi's stock increased by 1.28%, with a latest price of 86.750 and a market cap of 9.126 billion, reflecting a year-to-date increase of 1.34% [2] - Chazhidao's stock rose by 1.11%, priced at 6.370, with a market cap of 9.413 billion, showing a year-to-date decline of 3.19% [2] - Wuwu Hen Mang's stock increased by 0.90%, with a latest price of 403.000 and a market cap of 86.851 billion, reflecting a year-to-date increase of 70.33% [2]

Group 1 - The Hong Kong stock market saw new consumer stocks rise against the trend, with Pop Mart leading the gains at nearly 5% [1] - Other notable gainers included Blukoo, Maogeping, and Gu Ming, which rose over 3% [1] - Additional companies such as Laopu Gold, Shangmei, Mixue Group, Miniso, Weilon Delicious, and others experienced increases of over 2% [1] Group 2 - Pop Mart's stock increased by 4.81%, reaching a latest price of 248.600, with a total market capitalization of 333.08 billion and a year-to-date increase of 32.45% [2] - Blukoo's stock rose by 3.84% to a price of 72.950, with a market cap of 18.131 billion and a year-to-date increase of 8.96% [2] - Maogeping's stock increased by 3.83%, reaching 89.350, with a market cap of 43.798 billion and a year-to-date increase of 9.36% [2] - Gu Ming's stock rose by 3.58% to 29.500, with a market cap of 70.156 billion and a year-to-date increase of 19.05% [2] - Laopu Gold's stock increased by 2.91% to 759.500, with a market cap of 134.237 billion and a year-to-date increase of 22.90% [2] - Shangmei's stock rose by 2.92% to 67.000, with a market cap of 26.673 billion and a year-to-date decrease of 7.97% [2] - Mixue Group's stock increased by 2.80% to 396.600, with a market cap of 150.557 billion and a year-to-date decrease of 3.22% [2] - Miniso's stock rose by 2.43% to 37.100, with a market cap of 44.916 billion and a year-to-date increase of 1.92% [2] - Weilon Delicious's stock increased by 2.63% to 12.470, with a market cap of 30.316 billion and a year-to-date increase of 10.84% [2] - Hushang Ayi's stock rose by 1.28% to 86.750, with a market cap of 9.126 billion and a year-to-date increase of 1.34% [2] - Chabaidao's stock increased by 1.11% to 6.370, with a market cap of 9.413 billion and a year-to-date decrease of 3.19% [2] - Wuwu Hen Mang's stock rose by 0.90% to 403.000, with a market cap of 86.851 billion and a year-to-date increase of 70.33% [2]

Core Viewpoint - In 2025, the company will actively engage in multi-dimensional legal, technical, and channel-based actions to combat counterfeiting and illegal practices, demonstrating a "zero tolerance" attitude towards infringement [1][2] Legal Actions - The company will collaborate with market supervision departments across multiple provinces, including Guangdong, Zhejiang, Fujian, Henan, Jiangsu, and Shandong, to target counterfeiting and illegal sales [1] - It will utilize legal tools such as the Trademark Law and the Anti-Unfair Competition Law to effectively combat the entire chain of infringement activities [1] Technical Measures - The company has launched a "genuine product verification" feature on its official mini-program, allowing consumers to verify authenticity by entering a 16-digit anti-counterfeiting code [1] - Consumers can also check the original configuration of products to avoid the "box reconfiguration" trap, enhancing transparency and consumer confidence [1] Channel Strategies - The company will conduct simultaneous online and offline investigations into infringement, focusing on high-risk areas such as e-commerce platforms and wholesale markets [2] - It encourages consumers to purchase products through official channels and report suspected counterfeit activities via its mini-program [2] Commitment to Consumer Protection - The company emphasizes a commitment to protecting consumer rights and maintaining market order, stating that every act of infringement will be met with serious accountability [2] - Future efforts will include deepening collaboration with law enforcement and continuously improving the regular protection mechanism to ensure that all forms of infringement are addressed [2]

【新华企业资讯1月29日】1月27日至31日，"世界三大玩具展"之一的德国纽伦堡玩具展正式举办。中国 拼搭角色类玩具品牌布鲁可再度亮相，展出了"积木车"品类，以及"积木人"品类的"自然集""绮遇记""星 辰版""群星版""超越版"和"传奇版"等10多个产品系列的240余款产品，覆盖变形金刚、新世纪福音战 士、圣斗士星矢、DC、洛克人、侏罗纪世界、飞天小女警、初音未来等10多个世界知名 IP。通过纽伦 堡玩具展这一国际舞台，布鲁可向全球展示了其满足全球玩家需求的产品矩阵，获得现场参展者的广泛 关注。 布鲁可展台现场 布鲁可积木车变 240余款布鲁可产品集中展出，丰富产品矩阵引众多参观者驻足 本次展会上，布鲁可为了让参观者可以近距离感受布鲁可丰富的产品矩阵，展出了10多个产品系列的 240余款产品。主要面向6至16岁消费群体的"星辰版"与"群星版"两大产品系列带来了多款深受玩家欢迎 的产品以及全新的产品，包括布鲁可积木人变形金刚星辰版第5弹"白刃破晓"、第6弹"战争巨械"、DC 英雄星辰版第1弹"蝠影破晓"，以及变形金刚群星版第9弹"至暗时刻"等。 其中备受关注的是，布鲁可积木人圣斗士星矢群星版第 4 弹"黄金十 ...

Core Insights - The Nuremberg Toy Fair, one of the world's three major toy exhibitions, showcased the Chinese building block brand Blokus, featuring over 240 products across more than 10 series, including popular IPs like Transformers, DC, and Jurassic World [1][3][8] Product Showcase - Blokus presented its extensive product matrix, including the "Starry Edition" and "Galaxy Edition" series aimed at consumers aged 6 to 16, featuring new and popular products such as Transformers and DC heroes [3][5] - The "Beyond Edition" and "Legendary Edition" series targeted consumers aged 16 and above, showcasing products from renowned IPs like Naruto and Neon Genesis Evangelion, which attracted significant attention from attendees [5][6] - The global debut of the "Golden Twelve Temples II" model from the Saint Seiya Galaxy Edition was highlighted, showcasing intricate design and character details [3][11] Innovation and Development - Blokus introduced its third new Transformers building vehicle model, "Thunder Racing," at the fair, featuring a flying vehicle for the first time, demonstrating the brand's commitment to innovation [6][8] - The company has accumulated over 500 patents, reflecting its unique product structure and ongoing investment in research and development [8] IP Expansion - Blokus achieved the commercialization of the Mega Man IP for the first time, launching new products that cater to adult fans seeking nostalgic collectibles [8][9] - The global premiere of two new Mega Man figures, "Shooting Star Rockman" and "ZERO," was well-received, enhancing the product lineup for dedicated fans [9] Community Engagement - The 2026 BFC Creative Competition was launched at the fair, showcasing 15 outstanding works from the previous year's competition, highlighting the growing global interest in the BFC community [13][15] - The competition received nearly 130,000 submissions from around 60,000 players, indicating a strong global engagement and enthusiasm for the brand [15]

Group 1 - The company is rated "Buy" by Guoyuan International, with a target market value of approximately HKD 23.8 billion and a target price of HKD 95.5, indicating a potential upside of 21.1% from the current price [1] - The company has established a deep and efficient multi-channel distribution system, with over 140,000 offline outlets and a rapidly growing dealer network that has penetrated third-tier cities and below, achieving over 80% coverage in these areas [2] - The company is positioned to create industry-leading quality standards and exceptional cost-performance ratios, leveraging advancements in technology and manufacturing processes to offer top-tier craftsmanship and assembly experiences at competitive price points [3] Group 2 - The company's innovative product design, strong IP operation capabilities, and comprehensive distribution network have enabled it to become a leading player in its market segment [1] - The diverse and multi-faceted channel types include national large supermarkets and chains, as well as numerous specialized toy stores, stationery shops, and boutique stores, enhancing brand sales and market reach [2] - The combination of high-quality products and strong brand barriers supports the company's revenue growth, which continues to outpace the industry average [3]