| 港股通(沪)活跃成交股 | | --- | 智通财经APP获悉，11月7日港股市场，北水成交净买入75.23亿港元，其中港股通(沪)成交净买入36.86亿港元，港股通(深) 成交净买入38.37亿港元。 北水净买入最多的个股是小米集团-W(01810)、中海油(00883)、华虹半导体(01347)。北水净卖出最多的个股是腾讯(00700)、 阿里巴巴-W(09988)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W HK 09988 | 21.68亿 | 18.65 乙 | 40.32亿 | | | | | +3.03亿 | | 小米集团-W HK 01810 | 16.84 Z | 10.15 亿 | 26.99 亿 | | | | | +6.681Z | | 腾讯控股 | 8.89 乙 | 14.43 乙 | 23.33 乙 | | HK 00700 | | | -5.54 Z | | 中芯国际 | 10.89 亿 | 11.61亿 | 22.51亿 | | HK 00981 | | | -7 ...

Core Viewpoint - In the first half of 2025, Pop Mart's gross profit margin reached 70.3%, significantly higher than major competitors such as Apple (47.18%), LVMH (66.84%), Richemont (67.2%), and nearly on par with Hermès (70.67%) [1] Group 1 - Pop Mart's gross profit margin of 70.3% in the first half of 2025 is a strong indicator of its financial health and competitive positioning in the market [1] - The company’s gross profit margin is notably higher than that of leading luxury brands, suggesting a robust pricing strategy and brand strength [1] - A recent incident during a live stream raised concerns about the company's public image, as a staff member commented on the high price of a product, indicating potential issues with customer perception [1]

泡泡玛特10月21日披露2025年第三季度业务数据，公司在第三季度实现同比245%—250%的整体收益增 长。其中，中国市场收益同比增长185%—190%；海外数据尤为亮眼，海外市场收益同比增长365%— 370%，其中，美洲市场同比增幅超12倍，欧洲地区同比增长超7倍。 不久前，泡泡玛特中东地区首家门店在卡塔尔首都多哈哈马德国际机场盛大开业，该店也是泡泡玛特全 球首家7*24小时营业的线下门店。多哈的哈马德国际机场是旅客连接率表现最突出的国际机场，中转旅 客比例高达74%。中东首店的开业，也表明泡泡玛特将坚持旅游场景门店作为全球化拓展的核心方向之 一。截至目前，泡泡玛特已在全球开设超过570家线下门店。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 泡泡玛特最新回应。 近日，泡泡玛特某平台官方直播间在推广某款IP周边产品时，两名现场工作人员的私下对话被直播间收 录，一位工作人员称该款产品为什么卖得很贵，另一位则回应："没事会有人买单的。"该直播事故引起 巨大讨论，相关词条迅速登上了热搜第一。 网传消息称，涉事的两位工作人员已经被开除，连带相关部门也被追责。证券时报记者从泡泡玛特内 ...

Core Viewpoint - The eighth China International Import Expo (CIIE) is being held in Shanghai from November 5 to 10, showcasing the global leading trend culture and entertainment group, Pop Mart, which highlights its popular IPs SKULLPANDA and CRYBABY, creating an immersive experience for attendees [1][3]. Group 1: Event Highlights - Pop Mart's exhibition theme is "Creating Trends, Boundless Play," featuring a birthday celebration design to commemorate the company's 15th anniversary, creating a warm and festive atmosphere [3]. - The exhibition booth includes a giant birthday cake adorned with various IP characters that have accompanied the brand's growth, symbolizing the connection to a beautiful life [3]. Group 2: IP Showcase - Pop Mart emphasizes its popular IPs SKULLPANDA and CRYBABY, with SKULLPANDA designed by artist 熊喵, representing the aesthetic of "boundless imagery" and encouraging self-exploration [5]. - CRYBABY, created by Thai artist Molly, focuses on emotional expression and resonates deeply with global audiences, advocating for facing emotions and moving forward [5]. - The exhibition also features limited edition products that incorporate local cultures, enhancing the connection with global consumers [5]. Group 3: Product Innovation - Pop Mart showcases a variety of products, including figurines and plush toys, allowing attendees to experience the brand's unique culture and service [6]. - The company continues to innovate product categories, expanding consumer engagement through the use of PVC plush toys that enhance expression and display [6]. - Pop Mart has developed a diverse product matrix and is exploring new business areas such as building blocks, desserts, and jewelry, breathing new life into its IPs [6]. Group 4: Future Outlook - The company reports that all four major regions achieved over 100% growth in the first half of 2025, with the Americas experiencing a tenfold increase, indicating a successful internationalization strategy [8]. - Pop Mart aims to maintain its brand essence and collaborate with artists to create a better trend lifestyle in the future [10].

泡泡玛特最新回应。 近日，泡泡玛特某平台官方直播间在推广某款IP周边产品时，两名现场工作人员的私下对话被直播间收录，一 位工作人员称该款产品为什么卖得很贵，另一位则回应："没事会有人买单的。"该直播事故引起巨大讨论，相 关词条迅速登上了热搜第一。 网传消息称，涉事的两位工作人员已经被开除，连带相关部门也被追责。证券时报记者从泡泡玛特内部人士处 获悉，确实发生了直播事故，公司正在紧急调查，但不会开除直播事故中相关员工。 11月7日，泡泡玛特股价大幅走低，截至收盘跌5.882%。 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 突然爆发！这一板块，多股直拉涨停！ 丨 昨夜，全线大跌！ 丨 利好！多只A股、港股被纳入→ 丨 爆发！多个板块，涨停潮 丨 一夜暴涨超600%！又有中概股爆发 丨 美联储，降息生变！特朗普： 美股将再创新高！ 丨 中央 ...

Core Viewpoint - The live broadcast by Pop Mart revealed dissatisfaction among users regarding the pricing of blind boxes, specifically a DIMOO blind box priced at 79 yuan, which was deemed expensive by staff during the live session [1] Group 1: User Reactions - Users expressed strong dissatisfaction after a staff member commented that the 79 yuan price for the DIMOO blind box was "a bit expensive" during a live broadcast [1] - The comment was made in real-time, leading to immediate backlash from viewers [1] Group 2: Company Response - Another staff member in the live broadcast reassured that "there will be people willing to pay," indicating a belief in continued consumer demand despite the criticism [1]

Core Viewpoint - The incident involving a live broadcast by Pop Mart has sparked significant consumer backlash, leading to a decline in the company's stock price and raising concerns about its brand perception [8][6]. Group 1: Incident Details - On November 6, during a live stream showcasing the DIMOO blind box priced at 79 yuan, a staff member remarked that the price was indeed high, to which another responded that "someone will buy it anyway" [5][3]. - This exchange was broadcast live and has been interpreted by many as the company mocking consumers, leading to widespread dissatisfaction [6][8]. Group 2: Consumer Sentiment - Influential commentator Hu Xijin noted that the dialogue directly impacts consumer emotions, potentially leading to disastrous consequences for Pop Mart if such sentiments spread [8]. - Many consumers expressed feelings of being treated as "fools" by the brand, criticizing the increasing prices and declining product quality [6][8]. Group 3: Company Performance and Background - Pop Mart, founded in 2010, initially faced losses but saw a dramatic turnaround post-2017, with revenues soaring from 158 million yuan in 2017 to 1.683 billion yuan in 2019, marking a growth rate of 225.4% and 227.2% in consecutive years [12][13]. - The blind box sales have been a major revenue driver, contributing significantly to the company's overall income, with blind box sales reaching 6.887 billion yuan in the first half of 2020, accounting for 84.2% of total revenue [13]. Group 4: Recent Financial Highlights - As of October 21, Pop Mart reported a revenue increase of 245% to 250% year-on-year for Q3 2025, with domestic revenue growing by 185% to 190% and overseas revenue skyrocketing by 365% to 370% [15]. - The company's founder, Wang Ning, has seen his wealth rise to 182 billion yuan, ranking him 17th on the Hurun Rich List, with a year-on-year increase of 562% [16].

Core Viewpoint - The incident involving "Bubble Mart live streaming accident" has gained significant attention on social media, particularly on Weibo, where it became a trending topic on November 7 [1]. Group 1: Incident Details - On November 6, during a live stream showcasing the DIMOO pendant blind box priced at 79 yuan, a staff member made an inappropriate comment about the product's price, which sparked dissatisfaction among viewers [2]. - Following the incident, there were rumors that the two involved staff members had been fired, but internal sources from Bubble Mart confirmed that while an investigation is ongoing, no employees would be dismissed [4]. Group 2: Product Information - The DIMOO pendant blind box is part of a newly launched series by Bubble Mart, which includes 6 regular items and 1 hidden item, with the regular item probability being 1:6 and the hidden item probability being 1:72. The price for a single blind box is 79 yuan, while a full box costs 474 yuan [5][6].

Group 1 - The core incident involved a "live streaming failure" during a session by Pop Mart, where staff inadvertently commented on the high price of a product, leading to negative market reactions [2] - Following the incident, Pop Mart's stock price fell nearly 5%, reaching 207 HKD, with a total market capitalization of 278.2 billion HKD. The stock has seen a decline of over 17% in September and over 16% in October [2] - Pop Mart's third-quarter revenue showed significant growth, with overall revenue increasing by 245%-250% year-on-year, driven by a 185%-190% increase in China and a 365%-370% increase in overseas revenue [2] Group 2 - The company is strategically promoting a new IP called "Star People," which is expected to become a significant revenue driver, having generated 390 million CNY in the first half of 2025 [3] - "Star People" is recognized as one of the fastest-growing new IPs under Pop Mart, with expectations that it could rival the success of the LABUBU brand [3]

Core Insights - The incident involving a conversation during a live stream for the "DIMOO New Birth Diary Series Blind Box" has sparked widespread discussion on "emotional consumption" across various social media platforms [2] Company Insights - DIMOO is an intellectual property (IP) created by Chinese designer Ayan Deng, which has been acquired by Pop Mart, making it part of the company's proprietary IP portfolio [2]