Sou Hu Cai Jing·2025-07-15 12:35Group 1 - The core viewpoint of the news is that Bubble Mart is experiencing significant growth, driven by the popularity of its LABUBU brand, with projected revenue and profit increases for the first half of the year [1][4] - Bubble Mart expects its revenue for the six months ending June 30, 2025, to increase by no less than 200% compared to the same period last year, and profit to grow by no less than 350% [1][4] - The company attributes its performance to the global recognition of its brands and IPs, a diverse product range, and continuous high growth in all regional markets, leading to an increase in overseas revenue proportion [4][7] Group 2 - LABUBU's popularity has led to a significant rise in Bubble Mart's stock price, which has increased by approximately 200% this year, reaching a market capitalization of 353.5 billion HKD [4][7] - Despite the success, there are concerns about over-reliance on a few popular IPs and the influx of new competitors in the collectible toy market, which raises questions about Bubble Mart's valuation and future prospects [7][10] - The secondary market for LABUBU collectibles has seen a 50% price drop recently, indicating potential volatility and market correction following initial hype [8][10]