Zhong Guo Ji Jin Bao·2025-05-08 04:13Core Viewpoint - Major investment institutions have fully liquidated their holdings in Pop Mart within a week, cashing out over 2.1 billion yuan at high prices, leading to a decline in the company's stock price [2][5][10]. Group 1: Investment Actions - Fengqiao Capital has sold a total of 11.91 million shares of Pop Mart from April 30 to May 7, resulting in a cash-out amount of approximately 2.267 billion HKD, equivalent to about 2.111 billion yuan [5][6]. - The liquidation was executed through block trades, with Fengqiao Capital stating that their first RMB fund is nearing its expiration [5][6]. - The stock price of Pop Mart has faced pressure, with a cumulative decline of 6.77% during the same period, including a drop of 5.43% on May 7 [5][10]. Group 2: Company Background - Fengqiao Capital was one of the early investors in Pop Mart before its IPO in Hong Kong in 2020, having invested 40 million yuan alongside other firms [6][10]. - The founder of Fengqiao Capital, Tu Zheng, has been involved with Pop Mart since its angel investment stage and has participated in nearly every financing round of the company [10][12]. Group 3: Financial Performance - In 2024, Pop Mart reported a revenue of 13.04 billion yuan, representing a year-on-year growth of 106.9%, and an adjusted net profit of 3.4 billion yuan, up 185.9% [12]. - The stock price of Pop Mart has seen a significant increase of 349.60% over the year [12].