Feng Huang Wang Cai Jing·2025-08-20 03:54Group 1 - The core viewpoint of the news is that Pop Mart's stock price has surged over 8%, reaching a historical high of over 300 HKD, with a market capitalization exceeding 400 billion HKD following the release of its financial report [1][3] - For the first half of 2025, Pop Mart reported revenue of 13.88 billion CNY, representing a year-on-year growth of 204.4%, and an adjusted net profit of 4.71 billion CNY, which is a year-on-year increase of 362.8% [1] - The founder of Pop Mart, Wang Ning, stated that the company expects its total revenue for the year to be no less than 30 billion CNY [3] Group 2 - Wang Ning emphasized that he does not believe that a single IP accounting for a large proportion of the company's revenue is unhealthy [3] - He showcased a mini version of LABUBU that is set to be released this week and indicated that LABUBU may be applicable in more diversified scenarios in the future [3]