格隆汇1月21日｜1月21日，泡泡玛特发布公告称将斥资9649万港元回购50万股股份，每股回购价191.1- 194.9港元。就在1月19日，泡泡玛特曾发布公告称将斥资2.51亿港元回购140万股股份，带动次日开盘大 涨超10%。本周，泡泡玛特累计回购金额近3.5亿港元。 ...

泡泡玛特(09992)发布公告，于2026年1月21日，该公司斥资9648.96万港元回购50万股股份，每股回购价 格为191.1-194.9港元。 ...

格隆汇1月21日丨泡泡玛特(09992.HK)公告，1月21日耗资9649万港元回购50万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 泡泡瑪特國際集團有限公司 呈交日期： 2026年1月21日 第 2 頁 共 7 頁 v 1.3.0 FF305 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09992 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 ...

作者 | 谢芸子 编辑 | 张帆 自去年8月26日，泡泡玛特达到339.80港元每股的最高点后，其股价已近5个月持续下跌超40%。 业内普遍的观点是，泡泡玛特的市值波动来自其现象及IP LABUBU的溢价消退。 36氪查询得物APP，LABUBU3.0版本"前方高能系列"单个盲盒的平均成交价为100.25元，相比90天内的最高价降低23%，较去年6月，泡泡玛特"怪味便利 店"发布后、639.32的最高成交价相比，跌超84%。 更为夸张的是，在天猫平台"百亿补贴"频道，一款未拆盒、未拆袋的盲盒最低售价86元，这甚至低于泡泡玛特本身的官方零售价。 图片来自得物、天猫APP 消费市场的焦虑传导至资本市场。据Wind数据显示，自2025年8月以来，泡泡玛特未平仓卖空股数直线上涨，一度逼近1万股。 2026年1月19日，泡泡玛特决定斥资2.51亿港元，回购公司140万股股份，每股回购价177.7至181.2港元。这是自2024年以来，泡泡玛特的首次回购，该行 为也被视作公司管理层向投资者传递信心的强烈信号。 图片来自Wind 这也致使，消费者可以用接近官方零售价的价格，购买到普通款产品，再用稍高的、更客观的市场价格够买 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The company has announced a share buyback plan, spending HKD 251 million to repurchase 1.4 million shares at a price range of HKD 177.7-181.2 per share [1] - The domestic market is experiencing upward momentum, with a large and sticky user base, and a diversified IP matrix maintaining its popularity [2] - The company is actively adjusting its supply and production to balance the market, reclaiming pricing power and fostering a healthy commercial ecosystem based on real consumer demand [2] - The overseas market presents significant potential, with many global markets still in their early stages and a strong certainty for future channel expansion [2] - The company is focusing on resolving supply chain and logistics issues before prioritizing IP product layout for long-term overseas development [2] Financial Projections - The projected net profit for the company from 2025 to 2027 is expected to be CNY 135.1 billion, CNY 179.0 billion, and CNY 216.1 billion respectively, with corresponding P/E ratios of 18.0X, 13.6X, and 11.3X [3] - Key financial indicators show a significant increase in revenue, with expected revenues of CNY 38.891 billion in 2025, CNY 50.835 billion in 2026, and CNY 61.142 billion in 2027, reflecting growth rates of 198%, 31%, and 20% respectively [5] - The company's earnings per share (EPS) are projected to rise from CNY 10.07 in 2025 to CNY 16.11 in 2027 [5]

扬子晚报网1月21日讯（记者 范晓林 薄云峰）1月19日，潮玩龙头泡泡玛特斥资约2.51亿港元回购140万股股份。截至发稿时，泡泡玛特市值2570.40亿港 元。 (註7) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項; (i) (ii) 已履行《主板上市规則》 /《GEM上市规則》「上市資格」項下所規定有關上市的一切先決條件; (iii) 批准證券上市買賣的正式函件內所載的所有條件(如有)已予履行; 11:13 6 翌日披露報表 一 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) (股份發行人 -- 表格類別: 股票 狀態: 新提交 公司名稱: 泡泡瑪特國際集團有限公司 2026年1月19日 呈交日期: 如上市倾行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》[「《主板上市規則》」] J第13.25A條/《香港聯合交易所有 上市規則》(「《GEM上市規則》」)第17.27A條作出披露, 必須填妥第一章節 第一章節 普通股 股份類別 不適用 於香港聯交所上市 是 1. 股份分類 09992 證券代號(如上市) 說明 A. 已 ...

Group 1 - The core point of the news is the collaboration between Pop Mart and Honor to launch the "Honor 500 Pro MOLLY 20th Anniversary Limited Edition" smartphone, priced at 4,499 yuan, with a net price of 3,999 yuan after subsidies, set to be officially released on January 25 [1][3] - Following the announcement, Pop Mart's stock surged, with an increase of over 10% at one point, closing at a 9.07% rise, valued at 197.2 HKD per share and a market capitalization of 264.6 billion HKD [1] - Pop Mart clarified that it does not have plans to develop its own smartphone but is engaging in a deep co-creation partnership with a well-known mobile brand, moving beyond simple logo placements [1][3] Group 2 - In the context of the smartphone industry facing saturation, Honor aims to provide emotional value to young consumers rather than just competing on hardware specifications, targeting the demographic of 18-35-year-old women, which aligns with Pop Mart's user profile [3] - For Pop Mart, this collaboration represents an important attempt to find a "second growth curve" for IP monetization, especially as the novelty of blind box products diminishes and some new products face price drops in the secondary market [3] - Additionally, Honor also launched the highly anticipated ultra-light flagship model, the Honor Magic 8 Pro Air, weighing 155g and measuring 6.1mm in thickness, featuring a 6.31-inch OLED display and starting at a price of 4,999 yuan [3]

| 股票名称 | 沽空金额↓ | 沽空比率 | 偏离值 | | --- | --- | --- | --- | | 泡泡玛特(09992) | 10.08 亿元 | 17.14% | -7.69% | | 小米集团-W(01810) | 8.25 亿元 | 10.26% | -11.52% | | 美团-W(03690) | 7.77 亿元 | 17.49% | 1.85% | | 中国人寿(02628) | 7.18 亿元 | 23.90% | 3.47% | | 洛阳钼业(03993) | 6.87 亿元 | 35.31% | 21.99% | | 百度集团-SW(09888) | 6.24 亿元 | 21.01% | -5.12% | | 阿里巴巴-W(09988) | 6.13 亿元 | 6.91% | -7.34% | | 比亚迪股份(01211) | 4.97 亿元 | 20.25% | 0.39% | | 腾讯控股(00700) | 4.79 亿元 | 3.27% | -7.53% | | 中国平安(02318) | 3.47 亿元 | 16.40% | -12.96% | 前十大沽空偏离值排行 ...

Group 1 - Xiaomi reported two incidents of vehicle fires, emphasizing that the battery status was normal during both events [3][5] - In the first incident on January 19, a vehicle in Haikou experienced a fire shortly after being parked, but no injuries were reported [3] - The second incident involved a collision on a highway in Henan, where the vehicle caught fire after the accident, with no casualties [5] Group 2 - Gree Electric plans to mass-produce silicon carbide chips for automotive use, with expectations that half of the chips used by GAC Group will come from Gree [4] - The company is expanding its production capabilities to include chips for photovoltaic storage and logistics vehicles [4] Group 3 - OpenAI's CFO announced that the company's annual revenue for 2025 is projected to exceed $20 billion, a significant increase from $6 billion in 2024 [16] - The growth is attributed to the expansion of computing capabilities and the introduction of advertising in ChatGPT [16] Group 4 - Hikvision reported a net profit of 14.188 billion yuan for 2025, representing an 18.46% year-on-year increase [22] - The company's total revenue reached 92.518 billion yuan, with a slight growth of 0.02% [22] Group 5 - Zhaoyan New Drug expects a significant increase in net profit for 2025, projecting a rise of approximately 214% to 371% [23] - The company anticipates a decrease in revenue, estimating between 1.573 billion to 1.738 billion yuan, a decline of about 13.90% to 22.10% [23] Group 6 - Hongyuan Green Energy forecasts a turnaround in net profit for 2025, estimating between 180 million to 250 million yuan [24] - The improvement is attributed to a vertically integrated supply chain and the sale of equity in a subsidiary, contributing approximately 291 million yuan to profits [24] Group 7 - Bright Dairy expects a net loss of 120 million to 180 million yuan for 2025, a significant decline from a profit of 722 million yuan in the previous year [25] - The loss is primarily due to production issues at its overseas subsidiary, leading to increased costs and inventory write-offs [25]