POP MART(HK:09992) Guan Cha Zhe Wang·2025-06-16 10:27Group 1 - Uniqlo announced a new collaboration series with the popular IP "THE MONSTERS" from Pop Mart, featuring the character LABUBU, set to launch on August 29 [1] - Uniqlo previously collaborated with "THE MONSTERS" in April 2022, when LABUBU was a "normal" sprite, with the printed T-shirts priced at 99 yuan each; some of those T-shirts are now reselling for nearly 500 yuan [4] - Uniqlo has a history of collaborations with Pop Mart, including a MOLLY-themed series in 2023 and a DIMOO-themed series planned for 2024 [4] Group 2 - The new LABUBU collaboration is expected to replicate the high demand seen during the 2019 KAWS collaboration, which sold out quickly [6] - For the first half of the 2025 fiscal year, Uniqlo reported revenues of 1.79 trillion yen (approximately 89.03 billion yuan), an 11.96% year-on-year increase, and a net profit of 233.57 billion yen (approximately 11.61 billion yuan), a 19.22% increase, marking record performance [8] - The growth in revenue was attributed to strong performance in Japan and rapid growth in Southeast Asia, India, Australia, North America, and Europe, while sales and operating profit in Greater China declined [8] - The founder of Uniqlo, Tadashi Yanai, identified the challenges in the Chinese market as a failure to meet customer needs and proposed four improvement measures to address the issues [8]