Core Insights - The article highlights the top short-selling stocks in the market, indicating significant investor sentiment and potential market movements [1][2][3] Short Selling Ratios - The top three stocks with the highest short-selling ratios are New World Development-R (80016) and Li Ning-R (82331) at 100.00%, followed by AIA Group-R (81299) at 92.90% [1][2] - Other notable stocks include BYD Company-R (81211) at 91.45% and China National Offshore Oil Corporation-R (80883) at 71.40% [2] Short Selling Amounts - Alibaba-SW (09988) leads in short-selling amount with 5.602 billion, followed by Tencent Holdings (00700) at 2.725 billion and Baidu Group-SW (09888) at 2.062 billion [3] - Other significant amounts include Meituan-W (03690) at 1.088 billion and Pop Mart International (09992) at 879 million [3] Deviation Values - Li Ning-R (82331) has the highest deviation value at 35.57%, followed by AIA Group-R (81299) at 28.24% and China National Offshore Oil Corporation-R (80883) at 27.47% [1][3] - Other notable deviation values include BYD Company-R (81211) at 25.22% and New World Development-R (80016) at 24.06% [3]

智通财经记者 | 刘婷 在旗下多款潮玩IP风靡全球后，泡泡玛特首次以独家潮流文化品牌合作伙伴的身份，亮相2025年中国国际服务贸易交易 会。在1号馆展位，星星人雪糕、DIMOO饼干、MOLLY巧克力……泡泡玛特多款IP产品受到追捧，吸引大批观众打卡 合影。 一位不愿透露姓名的民营化工企业高管对智通财经表示，相对于产品，技术指导、解决方案等服务领域的附加值更高， 这种服务业态长期被欧美公司垄断，但随着中国在研发和技术方面的不断进步，一些中国企业也开始能够和他们"掰一 掰手腕"。 专注于工业重载无人机业务的北京航景创新科技有限公司就是这样的一个例子。 去年以来，这家来自河南的潮玩企业迅速崛起，成为全球文化消费的引领者，Labubu在海内外爆红，甚至出现"一娃难 求"的局面。截至6月30日，泡泡玛特已在全球18个国家开设了571家门店。今年上半年公司营收138.8亿元，同比增长 204.4%，经调整净利润47.1亿元，同比增长362.8%。 泡泡玛特的成功，让人们看到了情绪价值消费这种服务消费新业态的巨大潜力，也为中国服务消费"走出去"提供了一个 新的范式。 泡泡玛特国际集团相关负责人表示，希望通过服贸会这一国际舞 ...

智通财经APP获悉，9月10日,阿里巴巴-W（09988）、老铺黄金（06181）、中国太保（02601）南向资 金净流入金额位列市场前三，分别净流入44.84 亿、4.63 亿、4.56 亿 泡泡玛特（09992）、康方生物（09926）、小米集团-W（01810）南向资金净流出金额位列市场前三， 分别净流出-17.21 亿、-9.08 亿、-4.38 亿 在净流入比方面，特海国际（09658）、太古股份公司B（00087）、现代牧业（01117）以60.71%、 57.33%、54.43%位列市场前三。 在净流出比方面，中教控股（00839）、青岛银行（03866）、沧港铁路（02169） 以-69.56%、-60.56%、-56.33%位列市场前三。 前10大资金净流入榜 | 股票名称 | 净流入(元)↓ | 净流入比 | 收盘价 | | --- | --- | --- | --- | | 阿里巴巴-W(09988) | 44.84 亿 | 17.00% | 142.800（+0.63%） | | 老铺黄金(06181) | 4.63 亿 | 21.54% | 755.000（-7.59%） | | 中 ...

每经记者｜毕媛媛 每经编辑｜张海妮 ｜ 2025年9月15日 星期一 ｜ NO.1 泡泡玛特开卖黄金，采取"老铺黄金式"一口价 近期金价飙涨，创下历史新高。9月12日，潮玩品牌泡泡玛特旗下的珠宝品牌popop正式发售足金系列产 品，该系列涉及的IP（具有商业开发价值的创意资产）形象为Baby Molly。该系列新品涵盖黄金串珠、 吊坠、金条以及黄金摆件等多个品类，价格区间在980元至56800元。与老铺黄金一样，popop并未采用 传统黄金品牌"金价+加工费"的定价方式，其产品均实行一口价模式，价格不会随实时金价波动而波 动。在该系列产品中，单价最贵的是一款重约41g的BABY MOLLY抱抱奶瓶黄金摆件，售价高达56800 元。 点评：在金价高位震荡之际，泡泡玛特旗下popop推出足金系列。该系列借Baby Molly IP打造多样产 品，采用一口价模式，虽较传统金价有溢价，但相比此前联名金饰单价略降。这一举措是对其IP价值的 深度挖掘，也展现出公司在黄金市场探索差异化竞争、开拓新盈利点的野心。 NO.2 较去年提前76天！2025年度电影票房突破400亿元 据网络平台数据，截至2025年9月13日13时0 ...

Group 1 - The Labubu series from Pop Mart is experiencing significant popularity in the South Korean market, particularly in the bustling Hongdae area of Seoul [2][5] - The Labubu products are not available for direct purchase in-store; customers must reserve them online and pick them up at the store [8] - A new purchasing rule was implemented on June 17, 2023, which includes a lottery system for reservations and limits the quantity each person can buy [10] Group 2 - The Labubu series gained rapid popularity in South Korea starting from the end of 2024, primarily among the post-2000 generation, with interest from tourists from Southeast Asia and China [12] - The resale market for Labubu products in South Korea has seen prices soar, although the current demand has decreased; the official price is 21,000 KRW (approximately 105 RMB) [12] - A recent report indicated that U.S. Customs and Border Protection intercepted a shipment of counterfeit Labubu toys at Seattle-Tacoma International Airport, totaling 11,134 toys with a retail value of $513,937.76 [14] Group 3 - According to Pop Mart International Group's 2025 semi-annual report, the company achieved a revenue of 13.88 billion RMB in the first half of the year, marking a 204% year-on-year increase, with adjusted net profit rising by 362.8% to 4.71 billion RMB [15] - Revenue breakdown shows that China contributed 8.28 billion RMB (up 135.2%), Asia-Pacific 2.85 billion RMB (up 257.8%), the Americas 2.26 billion RMB (up 1142%), and Europe and other regions 480 million RMB (up 729.2%) [15]

Core Viewpoint - The popularity of Bubble Mart's Labubu series in the South Korean market has surged, leading to new purchasing regulations due to high demand and incidents of consumer chaos [5][15][17]. Group 1: Market Performance - Bubble Mart's Labubu series has gained significant traction in South Korea, particularly among the younger generation, with a notable presence in the bustling Hongdae shopping district [5][17]. - The company reported a revenue of 13.88 billion yuan for the first half of 2025, marking a year-on-year increase of 204% [22]. - The adjusted net profit for the same period reached 4.71 billion yuan, reflecting a substantial growth of 362.8% [22]. Group 2: Sales and Distribution Changes - In June 2025, Bubble Mart implemented new purchasing rules for the Labubu series in South Korea, transitioning from direct in-store sales to an online reservation and lottery system, limiting purchases to a specified quantity per person [15][17]. - Prior to these changes, there were reports of long queues and physical altercations among consumers trying to purchase Labubu products in-store [15]. Group 3: Pricing and Market Dynamics - The official retail price for Labubu in South Korea is approximately 21,000 KRW (about 105 RMB), while the domestic price is 99 RMB [17]. - The secondary market for Labubu products in South Korea has seen prices soar several times above the official retail price, although the hype has recently diminished [17]. - Counterfeit Labubu products have emerged in the market, with street vendors selling imitation items at prices comparable to the originals [17]. Group 4: International Developments - A recent incident involved the U.S. Customs and Border Protection seizing over 11,000 counterfeit Labubu toys at Seattle-Tacoma International Airport, highlighting the brand's international reach and the challenges posed by counterfeit goods [20]. Group 5: Regional Revenue Breakdown - Revenue from China was 8.28 billion yuan, up 135.2%, while revenue from the Asia-Pacific region reached 2.85 billion yuan, increasing by 257.8% [22]. - The Americas saw a remarkable revenue growth of 1,142%, totaling 2.26 billion yuan, and Europe and other regions reported a 729.2% increase, amounting to 480 million yuan [22].

2025.09. 13 本文字数：931，阅读时长大约2分钟 作者 | 第一财经 陈姗姗 泡泡玛特的Labubu系列在韩国市场同样火热。 近日，第一财经记者在韩国首尔最繁华的弘大商圈发现了泡泡玛特的门店。 EUILONA r THE = PA POT IART POP MART POP MART 座屋! 店里人流攒动，来自不同国家不同肤色的消费者在挑选着自己心仪的IP。 其中，店里展示Labubu所在的THE MONSTERS系列的位置聚集的人群最多，不少人边触摸边讨论。 据了解，在今年6月之前，消费者在首尔的线下门店也可以买到Labubu，首尔明洞门店外一度出现消 费者通宵排队，因抢购发生肢体冲突，警察被迫到场维持秩序的情况。 6月17日，泡泡玛特宣布针对韩国市场推出Labubu系列产品的全新购买规则，具体措施包括：取消线 下直接销售，Labubu系列产品改为通过官网进行事前预约抽签，线上预约+到店提货，并且采取实名 制，每人仅可购买指定数量。 韩国当地友人告诉记者，大概是从2024年底开始，Labubu系列在韩国市场迅速爆火，喜欢它的更多 是00后群体，而在韩国门店里抢购Labubu的不仅只有韩国人，还有 ...

记者当晚在弘大商圈的商业街上，还发现了街头售卖的Labubu，韩国友人说应该是山寨产品，但售价 与正版基本一直，在2万韩元左右（合人民币100元）。 责任编辑：张恒星 第一财经记者在首尔最繁华的首尔弘大商圈发现了泡泡玛特的门店，门店里并不销售Labubu，包括迷 你版LABUBU仅供展示，购买需要提前在线上预定，然后来门店提货。 泡泡玛特在韩国市场同样火热。 ...

门店里并不销售Labubu，包括迷你版Labubu也都是仅供展示。 泡泡玛特的Labubu系列在韩国市场同样火热。 近日，第一财经记者在韩国首尔最繁华的弘大商圈发现了泡泡玛特的门店。 .0/ 0.0 O ses o O F e AZ 7 n : 1 er 6 4 4 7 l 6月17日，泡泡玛特宣布针对韩国市场推出Labubu系列产品的全新购买规则，具体措施包括：取消线下直接销售，Labubu系列产品改为通过官网进行事前预 约抽签，线上预约+到店提货，并且采取实名制，每人仅可购买指定数量。 据了解，在今年6月之前，消费者在首尔的线下门店也可以买到Labubu，首尔明洞门店外一度出现消费者通宵排队，因抢购发生肢体冲突，警察被迫到场维 持秩序的情况。 Real Children of the real of the contrôlet of the G t of the district of the appen and district of the ×■ pper Date on 1994- ttps:// t and a Mapy U e a B A 48% OY S JOY OY TO LIGHT 店里人 ...

Core Viewpoint - The recent surge in gold prices has led to a surprising lack of interest in Pop Mart's new gold jewelry line, contrasting sharply with the previous demand for their blind boxes [1][3]. Pricing Strategy - Pop Mart has adopted a fixed pricing model for their gold products, which does not fluctuate with gold prices, unlike traditional gold retailers [3]. - The pricing for Pop Mart's gold items ranges from 980 yuan for the cheapest gold bead to 56,800 yuan for a 41-gram gold ornament, with per gram prices between 1,300 and 1,800 yuan [1][3]. - Comparatively, their collaboration with Chow Sang Sang has a per gram price of 2,185 yuan, indicating that Pop Mart's pricing strategy may not appeal to average consumers [3]. Target Market and Consumer Behavior - The primary consumers for gold jewelry are typically older women with higher purchasing power, which does not align with Pop Mart's core demographic of younger consumers [4]. - There is a potential mismatch in targeting both young consumers through IP and high-end customers through gold, which may lead to dissatisfaction on both fronts [4]. Market Expansion and Growth Potential - Pop Mart's founder has indicated that jewelry is a key area for expansion, with a 67% increase in IP derivative income projected for 2024, accounting for 29% of total revenue [3]. - Despite impressive growth in their IP derivative products, the gold market operates differently, with consumers placing a higher emphasis on price stability and value retention [4]. Strategic Challenges - The initial low demand for Pop Mart's gold products may reflect deeper strategic issues, particularly in pricing and distribution channels [4]. - If Pop Mart can effectively integrate the value of their IP with the stability of gold, they may successfully penetrate a new market [4]. - However, maintaining high premiums and limited distribution could pose risks to their overall brand ecosystem [4].