Jin Rong Jie·2025-08-26 03:45Core Viewpoint - Pop Mart (09992) has seen a nearly 4% increase in stock price, reaching a historical high of 339.4 HKD, driven by strong sales of newly launched products and impressive financial performance in the first half of the year [1] Financial Performance - In the first half of the year, Pop Mart achieved revenue of 13.88 billion HKD, representing a year-on-year growth of 204.4% [1] - The adjusted net profit for the same period was 4.71 billion HKD, showing a significant year-on-year increase of 362.8% [1] - The gross profit margin reached 70.3%, an increase of 6.3 percentage points compared to the previous year, marking a historical high [1] Product Launch and Market Response - Recently, Pop Mart launched several new products online, including the "Starry Dream Meteorological Bureau" plush blind box priced at 79 HKD each and 474 HKD for a full box, and the "Light Up Series" scene figurine blind box also priced at 79 HKD each and 711 HKD for a full box [1] - The MOKOKO rubber plush blind box, priced at 199 HKD each, gained significant attention prior to its sale [1] - The new products sold out within seconds across Pop Mart's official mini-program and major e-commerce platforms, causing some platforms to experience lag and temporary crashes due to high traffic [1] Future Outlook - The Chairman and CEO of Pop Mart, Wang Ning, expressed optimism about achieving 20 billion HKD in revenue this year, suggesting that reaching 30 billion HKD could also be feasible [1] - On August 22, it was announced that Pop Mart would be included in the Hang Seng Index, with the change effective from September 8 [1]