泡泡玛特股价回落超15%

Group 1 - The stock price of Pop Mart, a leading player in the Hong Kong toy market, has continued to decline, closing at 275.2 HKD per share on September 10, down 4.51% for the day, and a total drop of 15.74% since reaching a historical high of 339.8 HKD on August 26 [1] - Despite the stock price pressure, the offline consumption scene for Pop Mart remains active, with a notable presence of foreign consumers observed in various stores in Shenzhen [1] - The core IP series, THE MONSTERS, achieved significant revenue of 4.814 billion CNY in the first half of 2025, marking a substantial year-on-year growth of 668%, accounting for 35% of the company's total revenue [1] Group 2 - Market analysis indicates that the stock price adjustment reflects investor concerns regarding the sustainable monetization ability of Pop Mart's IPs, with worries about product lifecycle uncertainties potentially impacting profitability stability [2] - Although Pop Mart was recently included in the Hang Seng Index, which could attract passive fund allocation, some investors opted to take profits after the positive news, leading to short-term selling pressure [2]