Ge Long Hui·2025-08-20 03:50Core Insights - Pop Mart (9992.HK) saw a nearly 7% increase in intraday trading, reaching a historical high of 299.8 HKD, with a market capitalization exceeding 400 billion HKD [1] - Founder Wang Ning projected that the company's total revenue for the year would not be less than 30 billion RMB [1] - Wang emphasized that having a single IP account for a large proportion of the company's revenue is not unhealthy, and introduced the upcoming mini version of LABUBU, indicating potential for more diversified applications in the future [1] Financial Performance - On August 19, Pop Mart released its financial report, showing that revenue for the first half of 2025 reached 13.88 billion RMB, representing a year-on-year growth of 204.4% [1] - The adjusted net profit for the same period was 4.71 billion RMB, reflecting a significant year-on-year increase of 362.8% [1]