Jin Rong Jie·2025-08-20 04:56Core Insights - The stock price of Pop Mart has been rising continuously, reaching a record high of over 300 HKD and a market capitalization exceeding 400 billion HKD [1] - For the first half of the year, Pop Mart reported revenues of 13.876 billion CNY, a year-on-year increase of 204.4%, and a net profit attributable to shareholders of 4.574 billion CNY, up 396.5% [1] - The company had 13 artist IPs generating over 100 million CNY in revenue, with LABUBU and other IPs contributing significantly to the total revenue [1] Financial Performance - Revenue for the first half of the year was 13.876 billion CNY, reflecting a 204.4% increase compared to the previous year [1] - Net profit attributable to shareholders was 4.574 billion CNY, marking a 396.5% year-on-year growth [1] Artist IP Contributions - The top artist IPs included LABUBU, THE MONSTERS, MOLLY, SKULLPANDA, CRYBABY, and DIMOO, with revenues of 4.814 billion CNY, 1.357 billion CNY, 1.221 billion CNY, 1.218 billion CNY, and 1.105 billion CNY respectively [1] Future Outlook - The CEO of Pop Mart expressed confidence in achieving a revenue target of 20 billion CNY for the year, with a belief that reaching 30 billion CNY should be relatively easy [1] - The company plans to launch a mini version of LABUBU, which is expected to become a major hit [1]