Core Viewpoint - Pop Mart (9992.HK) has initiated a share buyback program, signaling strong growth and financial health, which may attract more investors [1] Group 1: Share Buyback Announcement - Pop Mart announced a share buyback of 1.4 million shares at a cost of HKD 251 million, with a buyback price range of HKD 177.7 to HKD 181.2 per share [1] - This marks the first share buyback since early 2024, indicating a strategic move to enhance shareholder value [1] Group 2: Financial Performance and Projections - Morgan Stanley projects that Pop Mart's net profit will reach RMB 12.6 billion by 2025, reflecting strong growth potential [1] - The company reported a net cash position of RMB 20 billion at the end of last year, demonstrating ample financial resources to provide returns to shareholders [1] Group 3: Market Sentiment and Investor Interest - The share buyback is expected to attract more investor attention, particularly from those looking for catalysts to drive stock price appreciation [1] - Pop Mart's growth drivers are clear, and the long-term investment logic remains solid, according to market analysts [1]

泡泡玛特（09992）早盘高开，截至发稿，股价上涨7.85%，现报195港元，成交额9.516亿港元。 泡泡玛特发布公告称，于2026年1月19日，公司斥资2.51亿港元回购140万股股份，每股回购价177.7- 181.2港元。摩根士丹利称，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关 注，特别是那些等待股价催化剂的投资者。目前泡泡玛特增长强劲，驱动因素清晰，长期逻辑明确。预 计泡泡玛特2025年净利润达126亿元人民币，且在去年末有200亿元的净现金，表明公司拥有充足的财务 资源给股东带来更多回报。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 泡泡玛特发布公告称，于2026年1月19日，公司斥资2.51亿港元回购140万股股份，每股回购价177.7- 181.2港元。摩根士丹利称，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关 注，特别是那些等待股价催化剂的投资者。目前泡泡玛特增长强劲，驱动因素清晰，长期逻辑明确。预 计泡泡玛特2025年净利润达126亿元人民币，且在去年末有2 ...

行情图 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 1月20日消息，泡泡玛特盘初拉升一度涨超8%，现报194.5港元。泡泡玛特股价自2025年8月下旬触及 339.8港元高点后，便开启持续下行走势。 | 09992 泡泡玛特 | | | | --- | --- | --- | | 194.500↑+13.700 +7.58% | | 交易中 01/20 09:35 | | * | | ● 快捷交易 | | 最高价 195.700 | 开盘价 190.200 | 成交量 599.18万 | | 最低价 190.200 | 昨收价 180.800 | 成交额 11.6亿 | | 平均价 193.583 | 市德率TTM 35.10 | 总市值 2609.3亿元 | | 振 幅 3.04% | 市盈率(静) 77.31 | 总股本 13.42亿 | | 换手率 0.45% | 市净率 16.775 | 流通值 2609.3亿 | | 52周最高 339.800 | 委 比 -40.81% | 流通股 13.42亿 | | 52周最低 90.112 | 量 比 21.83 | 每 手 200股 ...

Core Viewpoint - Pop Mart (09992) has initiated a share buyback program, signaling strong growth and financial health, which may attract more investors [1] Group 1: Share Buyback Announcement - Pop Mart announced a share buyback of 1.4 million shares at a cost of HKD 251 million, with prices ranging from HKD 177.7 to HKD 181.2 per share [1] - This marks the company's first share repurchase since early 2024, indicating a strategic move to enhance shareholder value [1] Group 2: Financial Performance and Projections - Morgan Stanley projects that Pop Mart will achieve a net profit of RMB 12.6 billion by 2025, reflecting strong growth drivers and a clear long-term strategy [1] - As of the end of last year, Pop Mart had RMB 20 billion in net cash, demonstrating ample financial resources to provide returns to shareholders [1]

Core Viewpoint - Pop Mart (9992.HK) has initiated a share buyback program, signaling strong growth and financial health, which may attract more investors [1] Group 1: Share Buyback Announcement - On January 20, Pop Mart announced a buyback of 1.4 million shares at a cost of HKD 251 million, with prices ranging from HKD 177.7 to HKD 181.2 per share [1] - This marks the first share buyback since early 2024, indicating a strategic move to enhance shareholder value [1] Group 2: Financial Performance and Projections - Morgan Stanley projects that Pop Mart's net profit will reach RMB 12.6 billion by 2025, reflecting strong growth drivers and a clear long-term strategy [1] - As of the end of last year, Pop Mart had RMB 20 billion in net cash, demonstrating ample financial resources to provide returns to shareholders [1]

消息面上，泡泡玛特发布公告称，于2026年1月19日，公司斥资2.51亿港元回购140万股股份，每股回购 价177.7-181.2港元。摩根士丹利称，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者 的关注，特别是那些等待股价催化剂的投资者。目前泡泡玛特增长强劲，驱动因素清晰，长期逻辑明 确。预计泡泡玛特2025年净利润达126亿元人民币，且在去年末有200亿元的净现金，表明公司拥有充足 的财务资源给股东带来更多回报。 泡泡玛特(09992)高开逾5%，截至发稿，涨5.2%，报190.2港元，成交额1.44亿港元。 ...

本文源自：金融界AI电报 摩根士丹利称，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关注，特别是那些 等待股价催化剂的投资者。分析师Dustin Wei等在报告中指出，目前泡泡玛特增长强劲，驱动因素清 晰，长期逻辑明确；预计泡泡玛特2025年净利润达126亿元人民币，且在去年末有200亿元的净现金，表 明公司拥有充足的财务资源给股东带来更多回报；和以往一样，公司未对回购设定目标规模和时间表， 而是根据市场情况评估。 ...

Core Viewpoint - Pop Mart has initiated a share buyback of 1.4 million shares for approximately HKD 251 million after experiencing a significant decline in stock price over the past five months [2][5]. Group 1: Share Buyback Details - On January 19, Pop Mart announced the repurchase of 1.4 million shares at a price range of HKD 177.7 to HKD 181.2 per share [2][4]. - Following the buyback, the total number of issued shares (excluding treasury shares) will decrease from 1,342,943,150 to 1,341,543,150 [4]. Group 2: Market Performance and Analysis - Since reaching a high of HKD 339.8 in late August 2025, Pop Mart's stock has declined over 43%, with its market capitalization shrinking from over HKD 400 billion to HKD 242.8 billion [5]. - Analyst Jeff Zhang from Morningstar noted a potential slowdown in domestic revenue growth for Pop Mart in Q4 2025, citing inventory buildup of certain Labubu products as an indicator of waning interest in older products [5]. - Despite concerns over short-term revenue fluctuations, Zhang maintains a fair value estimate of HKD 280 for Pop Mart, suggesting that the current valuation is attractive [5].

Group 1 - The core point of the article is that Pop Mart has initiated a share buyback program, spending approximately HKD 251 million to repurchase 1.4 million shares after experiencing a significant decline in stock price over the past five months [2][3] - The share buyback occurred at a price range of HKD 177.7 to HKD 181.2 per share, indicating the company's confidence in its valuation despite recent market fluctuations [2] - Following a peak of HKD 339.8 per share in late August 2025, Pop Mart's stock has seen a decline of over 43%, with its market capitalization shrinking from over HKD 400 billion to HKD 242.8 billion [3] Group 2 - Analyst Jeff Zhang from Morningstar noted that Pop Mart's domestic revenue growth may slow in Q4 2025, with some Labubu products facing inventory buildup, suggesting a waning interest in older products [2] - Despite concerns over short-term revenue fluctuations, the fair value estimate for Pop Mart remains at HKD 280, indicating that the current valuation may be attractive for investors [2]

Group 1 - The core point of the article is the collaboration between Honor and the trendy toy brand Pop Mart, resulting in the launch of the Honor 500Pro MOLLY 20th Anniversary Limited Edition smartphone priced at 4499 yuan [1] - The smartphone features a main color of obsidian black and incorporates the classic image of MOLLY, reflecting a spirit of free creativity and expression [1] - The collaboration includes deep customization of the device, with a dedicated MOLLY theme, wallpapers, custom charging animations, and personalized photo watermarks [1] Group 2 - The Honor 500Pro MOLLY limited edition gift box is designed with a "travel case" concept, featuring a light-up cover and containing various exquisite accessories such as a wax seal invitation, MOLLY color window card, retro camera-shaped phone case, custom SIM card ejector, phone strap, and creative film stickers [3] - To enhance the festive atmosphere for the Spring Festival, the gift box includes MOLLY-themed red envelopes and refrigerator stickers [3] - This collaboration marks a significant step for Honor in its strategy to appeal to a younger and trendier consumer base [3]