Ge Long Hui·2025-08-20 04:59Group 1 - The core viewpoint of the news is that Pop Mart (9992.HK) has seen a significant increase in its stock price, reaching a historical high of 299.8 HKD, with a market capitalization exceeding 400 billion HKD [1] - The founder of Pop Mart, Wang Ning, announced during the earnings release that the company expects full-year revenue to be no less than 30 billion CNY [3] - Wang Ning emphasized that he does not believe that a single IP's contribution to the company's revenue is unhealthily large, and he showcased the upcoming mini version of LABUBU, indicating potential for more diversified applications in the future [3] Group 2 - On August 19, Pop Mart released its financial report, revealing that for the first half of 2025, revenue reached 13.88 billion CNY, representing a year-on-year growth of 204.4% [3] - The adjusted net profit for the same period was 4.71 billion CNY, showing a remarkable year-on-year increase of 362.8% [3]