8月20日，泡泡玛特业绩发布会上，泡泡玛特供应链中心总裁袁俊杰表示，以毛绒玩具为例，现在一个 月的产能是去年同期的十倍以上，现在是3000万只左右。经济生产自动化是实现的办法。（第一财经记 者 揭书宜） (本文来自第一财经) ...

2025-08-20 10:46 南方财经8月20日电，港股泡泡玛特快速拉升涨5%，股价创历史新高。消息面上，泡泡玛特上半年收益 138.76亿元，同比增长204.4%；公司拥有人应占溢利45.74亿元，同比增长396.5%。 港股泡泡玛特涨5% 股价创历史新高 相关快讯 相关文章 南方财经8月20日电，港股泡泡玛特快速拉升涨5%，股价创历史新高。消息面上，泡泡玛特上半年收益 138.76亿元，同比增长204.4%；公司拥有人应占溢利45.74亿元，同比增长396.5%。 ...

【王宁：#泡泡玛特今年营收300亿应该很轻松#】#王宁称泡泡玛特营收300亿应该很轻松#8月20日，泡 泡玛特创始人王宁表示，今年是希望营收能够做到200亿，但是感觉今年应该300亿也很轻松。虽然业绩 的增长是非常重要，但是对于整个公司来讲，健康度也很重要。（第一财经） ...

Core Viewpoint - The company is focusing on expanding its international presence, particularly in the Middle East, South Asia, Latin America, and Russia, while also enhancing its flagship stores in major cities worldwide [1] Group 1: International Expansion - The company plans to open its first store in the Middle East at Doha Airport, aiming to establish a significant presence in the region [1] - Currently, the company operates 140 overseas stores, with expectations to exceed 200 by the end of the year [1] Group 2: Revenue Growth - In the first half of 2025, the company's revenue in China reached 8.28 billion yuan, representing a year-on-year increase of 135.2% [1] - Revenue from the Asia-Pacific region was 2.85 billion yuan, showing a remarkable growth of 257.8% [1] - The Americas generated revenue of 2.26 billion yuan, with an extraordinary growth rate of 1142.3% [1] - Revenue from Europe and other regions amounted to 480 million yuan, reflecting a growth of 729.2% [1] - All four regions achieved over three-digit growth, with the Americas experiencing a tenfold increase, marking a significant success in the company's internationalization strategy [1]

2025.08.20 王宁还表示："从IP贡献营收的占比来讲，首先我个人不认为如果有一个IP占比特别大，就不健康。我 觉得这个比例其实对于我们来讲也不是那么重要。我们相信其实每个IP都各具特色。"财报显示，从IP 分类，今年上半年，LABUBU所在的THE MONSTERS营收48.1亿元，占比34.7%。除此之外， MOLLY、SKULLPANDA、CRYBABY和DIMOO营收均突破10亿元。 本文字数：430，阅读时长大约1分钟 微信编辑| 七三 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 作者 |第一财经 揭书宜 8月20日，泡泡玛特业绩发布会上，泡泡玛特供应链中心总裁袁俊杰表示，以毛绒玩具为例，现在一个 月的产能是去年同期的十倍以上，现在是3000万只左右。经济生产自动化是实现的办法。 泡泡玛特创始人王宁表示，今年是希望营收能够做到200亿，但是感觉今年应该300亿也很轻松。虽然业 绩的增长是非常重要，但是对于整个公司来讲，健康度也很重要。 ...

Core Insights - The core focus of the news is on Pop Mart's commitment to innovation in materials, processes, standards, and manufacturing as highlighted during their mid-2025 performance conference in Hong Kong [1][2]. Group 1: Company Strategy - Pop Mart's Vice President, Yuan Junjie, emphasized the company's dedication to several "new" initiatives: new materials, new processes, new standards, and new manufacturing [2]. - The company has significantly improved its automation levels in the collectible toy industry, increasing from approximately 20% to around 50% in typical factories due to automation upgrades [2].

8月20日，泡泡玛特召开2025中期业绩发布会，创始人王宁在会上表示，集团取得了有史以来最好的业 绩，预计全年营收不低于300亿元，相比数据自己更关注集团增长的健康度，更关注大数据增长背后的 小数字。8月19日，泡泡玛特发布2025年半年报，财报显示，上半年泡泡玛特营收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%。 王宁称，今年LABUBU新品相对比较克制，没有过度消耗这个IP，现有需求很大，未来会有很大的价 值。王宁还表示，本周将发布迷你版LABUBU，相信会成为超级爆款。 责任编辑：杨赐 ...

未来泡泡玛特将聚焦中东、南亚、中南美及俄罗斯等国家和地区。 8月20日，泡泡玛特召开2025中期业绩发布会，联席首席运营官文德一表示，未来泡泡玛特将聚焦中 东、南亚、中南美及俄罗斯等国家和地区。同时，将继续在法国巴黎、澳大利亚悉尼、意大利米兰、美 国纽约等核心城市推进旗舰店及旅游零售门店的布局。目前，泡泡玛特海外门店共有140家，预计年底 海外会超过200家门店。2025上半年，泡泡玛特亚太营收28.5亿元，同比增长257.8%；美洲营收22.6亿 元，同比增长1142.3%；欧洲及其他地区营收4.8亿元，同比增长729.2%。 ...

Core Viewpoint - The article discusses the impressive financial performance of Pop Mart in the first half of 2025, driven significantly by the LABUBU IP, while also highlighting potential challenges and market competition that may affect future growth [2][8][13]. Financial Performance - Pop Mart reported a revenue of 138.8 billion RMB in the first half of 2025, a year-on-year increase of 204.4% [4][7]. - Adjusted net profit reached 47.1 billion RMB, reflecting a 362.8% increase compared to the previous year [7]. - The gross profit margin improved to 70.9%, with overseas markets achieving a gross margin of 75.5% [7]. Contribution of LABUBU - The THE MONSTERS series, which includes LABUBU, generated 48.1 billion RMB in revenue, accounting for 34.7% of Pop Mart's total revenue in the first half of 2025 [4][6]. - LABUBU's revenue growth was significant, with a 668.0% increase compared to the same period in 2024 [3][4]. Market Expansion - Pop Mart experienced substantial growth in international markets, with revenue in the Americas increasing by 1142.3% and Europe by 729.2% [3][6]. - The company opened 40 new stores globally, bringing the total to 571 stores across 18 countries by June 30, 2025 [6]. Challenges and Competition - There are signs of declining interest in LABUBU, with its second-hand prices dropping from 2582.8 RMB in June to around 1000 RMB in August [3][8]. - The rapid growth of the plush toy category has attracted competitors, leading to intensified market competition [12][13]. - Pop Mart faces risks associated with over-reliance on a single IP and potential quality control issues due to rapid expansion [11][13]. Future Outlook - The company aims to leverage LABUBU's popularity to promote other new IPs, although this strategy has yet to yield significant revenue [11]. - Maintaining growth momentum will depend on balancing IP development, ensuring quality control, and sustaining competitive advantages in the plush toy market [13].

Core Viewpoint - The company emphasizes the significance of LABUBU becoming a world-class IP, indicating that the value extraction of this IP is just beginning [1] Group 1: Company Performance - In the first half of 2025, the revenue from THE MONSTERS, including LABUBU, reached 4.81 billion yuan, representing a year-on-year growth of 668.0% [1] Group 2: Product Development - The CEO mentioned that while there are many categories and development directions to explore for LABUBU as a symbolic IP, product development will remain relatively restrained [1] - A mini version of LABUBU is set to be released this week, with potential applications in more diverse scenarios in the future [1]