泡泡玛特(09992)尾盘涨超3%，截至发稿，涨2.59%，报237.6港元，成交额30.89亿港元。 消息面上，在1月30日举办的中英商务论坛上，泡泡玛特创始人、CEO王宁表示，泡泡玛特宣布将伦敦 定为欧洲总部所在地。此外，据报道，泡泡玛特已与美国商业地产集团Simon展开合作，计划在全美超 过20家Simon购物中心及The Mills购物中心新增标准零售形式的线下门店。 值得注意的是，泡泡玛特近于1月19日回购140万股普通股，总金额2.5亿港元；于1月21日回购50万股普 通股，总金额9649万港元。花旗认为，市场对泡泡玛特IP生命力与孵化能力的估值仍显不足。随着非 LABUBU系列的重磅新品上市反响热烈，以及近期启动的股份回购计划，投资者信心有望进一步提 升。 ...

智通财经APP获悉，泡泡玛特(09992)尾盘涨超3%，截至发稿，涨2.59%，报237.6港元，成交额30.89亿 港元。 消息面上，在1月30日举办的中英商务论坛上，泡泡玛特创始人、CEO王宁表示，泡泡玛特宣布将伦敦 定为欧洲总部所在地。此外，据报道，泡泡玛特已与美国商业地产集团Simon展开合作，计划在全美超 过20家Simon购物中心及The Mills购物中心新增标准零售形式的线下门店。 值得注意的是，泡泡玛特近于1月19日回购140万股普通股，总金额2.5亿港元；于1月21日回购50万股普 通股，总金额9649万港元。花旗认为，市场对泡泡玛特IP生命力与孵化能力的估值仍显不足。随着非 LABUBU系列的重磅新品上市反响热烈，以及近期启动的股份回购计划，投资者信心有望进一步提 升。 ...

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: 泡泡瑪特國際集團有限公司 呈交日期: 2026年2月3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) | 09992 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 USD | | 500,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 USD | | 500,000 | 本月底法定/註冊股本總額： USD 500,00 ...

Core Viewpoint - The event "MOLLY's Shining Journey - Tracking the Starlight Trail" showcased a 7-meter tall "MOLLY" statue in Hong Kong, celebrating the Lunar New Year with a focus on the Year of the Horse [2]. Group 1 - The event took place on February 2, featuring a prominent "MOLLY" statue designed as a jockey, along with 20 other different "MOLLY" designs [2]. - The 7-meter tall jockey statue is located at the platform garden of China Hong Kong City, providing a scenic view of Victoria Harbour [2][4]. - The display aims to enhance the festive atmosphere in Hong Kong for the Lunar New Year [2]. Group 2 - Visitors were seen exploring and taking photos among the various "MOLLY" statues, indicating strong public interest and engagement with the installation [6][12]. - The event attracted both tourists and local citizens, showcasing the appeal of the "MOLLY" brand in a public space [8][13].

Core Viewpoint - Pop Mart (9992.HK) has announced the establishment of its European headquarters in London, aiming to expand its presence in Europe and enhance its brand's global market reach [1] Group 1: Company Expansion - Pop Mart's stock rose nearly 5% to HKD 234.2 amid the announcement of its European headquarters [1] - The company plans to open 7 new stores in the UK, including flagship locations in Birmingham, Cardiff, and London’s Oxford Street [1] - A total of 20 new stores are planned for expansion across Europe, which is expected to create over 150 jobs in the UK [1] Group 2: Strategic Importance - The founder of Pop Mart, Wang Ning, emphasized that London is a key global creative hub, making it an ideal location for the brand to establish its European base [1] - The establishment of the European headquarters will allow Pop Mart to integrate global creative resources and collaborate with outstanding artists in Europe [1] - The initiative aims to continuously explore the creative value of intellectual property (IP) and promote cultural exchange between China and foreign markets [1]

Core Viewpoint - Pop Mart (9992.HK) experienced a nearly 5% increase in stock price, reaching 234.2 HKD, with a trading volume exceeding 15 billion HKD on February 2 [1][5]. Financial Performance - The stock opened at 223.8 HKD and had a closing price of 223.6 HKD the previous day, with a trading volume of 6.7633 million shares [2][6]. - The highest price during the trading session was 234.2 HKD, while the lowest was 223.2 HKD, resulting in a price fluctuation of 4.92% [2][6]. - The average price recorded was 230.9 HKD, with a total market capitalization of 308.287 billion HKD [2][6]. Strategic Developments - At the recent UK-China Business Forum, Pop Mart's founder Wang Ning announced the establishment of London as its European headquarters [2][3]. - The company plans to open seven new stores in the UK, including flagship locations in Birmingham, Cardiff, and Oxford Street, and aims to expand to 20 stores across Europe, creating over 150 jobs in the UK [2][3][6]. Creative Integration - Wang Ning emphasized that London serves as a core of the global creative ecosystem, making it a strategic choice for the brand to deepen its presence in Europe and globally [3][7]. - The establishment of the European headquarters will enable Pop Mart to integrate global creative resources and collaborate with outstanding artists in Europe, enhancing the value of its IP and promoting cultural exchange [3][7].

Investment Rating - Pop Mart is rated as a Top Buy in China's consumer sector, with a target price of HK$415.00, representing an expected return of 92.0% from the current price of HK$216.20 [8][10]. Core Insights - The report highlights that Pop Mart's user base is growing globally, with 76% of survey participants making their first purchase within one year, and 45% within three months [2][12]. - A significant 87% of respondents expressed a likelihood to purchase Pop Mart products in the next three months, driven by new product series, limited editions, and seasonal releases [3][30]. - Brand perception is strong, with 54% of respondents very satisfied and 39% somewhat satisfied, indicating a positive emotional connection with the brand [4][46]. Summary by Sections Consumer Behavior - 76% of respondents had their first Pop Mart purchase within one year, with 45% within three months [2][12]. - 34% shop for Pop Mart products every month, and 29% every three months, indicating high purchase frequency [12][14]. - 90% of respondents own at least two Pop Mart items, with the US having the highest per capita ownership [18][25]. Purchase Drivers - 87% of respondents are likely to buy Pop Mart products in the next three months, with new series and limited editions being key drivers [3][30]. - 93% plan to buy Pop Mart products in the future, with 48% maintaining current purchase frequency and 26% planning to buy more often [36][39]. - Wider product range, better quality, and lower prices are cited as factors that could increase purchase frequency [40]. Brand Perception - 54% of respondents are very satisfied with Pop Mart, with the highest satisfaction in the US at 70% [46][48]. - Gift-giving and collection/hobby are the top reasons for purchasing, with emotional satisfaction also playing a significant role [48][50]. - Character design, rarity/exclusivity, and emotional connection are highly valued attributes of Pop Mart products [51]. Financial Performance - The projected net profit for 2026 is Rmb 18,357 million, with a diluted EPS of Rmb 13.763, reflecting a growth of 35.5% [7][10]. - The company is expected to maintain a strong gross margin of around 72% in 2026 [10]. Market Dynamics - The survey indicates that Pop Mart's user base continues to grow despite concerns about secondary market prices, with only 9% of respondents purchasing from secondhand platforms [2][27]. - The brand's strong presence in physical stores, especially in China, contrasts with higher online purchase ratios in the US and UK [27][29].

Group 1 - The stock of Pop Mart (09992.HK) increased by nearly 3%, with a current rise of 2.86%, trading at 230 HKD [1] - The trading volume reached 428 million HKD [1]

Core Viewpoint - Pop Mart (09992) has announced the establishment of its European headquarters in London, with plans to open 27 new stores across Europe, including 7 in the UK, which will create over 150 jobs in the region [1] Group 1: Company Expansion - The CEO of Pop Mart, Wang Ning, revealed the company's strategy to expand its presence in Europe by opening new stores in key locations such as Birmingham, Cardiff, and Oxford Street in London [1] - The investment in the UK is part of a broader plan to integrate global creative resources and enhance collaboration with talented artists in Europe [1] Group 2: Strategic Importance - Wang Ning emphasized that London is a vital hub for global creative ecosystems, making it an ideal location for the brand to establish its European base and deepen its global market penetration [1] - The establishment of the European headquarters is aimed at promoting the exchange and integration of Chinese and foreign pop culture [1]

Core Viewpoint - Pop Mart (09992) has announced the establishment of its European headquarters in London, with plans to open 27 new stores across Europe, including 7 in the UK, which will create over 150 jobs in the region [1]. Group 1: Company Expansion - Pop Mart's stock rose by 2.86% to 230 HKD, with a trading volume of 428 million HKD [1]. - The CEO, Wang Ning, highlighted London as a key location for the brand's European operations, emphasizing its role in integrating global creative resources [1]. Group 2: Job Creation and Market Strategy - The new stores in the UK will include flagship locations in Birmingham, Cardiff, and Oxford Street in London [1]. - The establishment of the European headquarters aims to enhance collaboration with talented artists and to explore the creative value of IP, promoting cultural exchange between China and foreign markets [1].