研报掘金丨东吴证券：维持泡泡玛特买入评级

Core Viewpoint - Dongwu Securities maintains a positive outlook on Pop Mart (9992.HK), highlighting the significant growth potential driven by the labubu IP and a diverse IP matrix, leading to rapid revenue growth across all channels [1] Financial Projections - The adjusted net profit forecasts for Pop Mart are raised to 10.03 billion, 14.49 billion, and 18.29 billion for the years 2025, 2026, and 2027 respectively [1]