二手价“大跳水”！LABUBU放量任买且48小时发货

Group 1 - The resale prices of LABUBU products have started to return to rational levels, with some items selling below their original prices. For instance, the LABUBU 3.0 series is being resold for 400 yuan, significantly lower than the official price of 1168 yuan for the same product [1] - The average transaction price of the "Starry People Delicious Moment Blind Box" has also declined, with a current average of 143.7 yuan compared to a peak of 359 yuan [4] - The price drop of LABUBU products is primarily influenced by an increase in supply, as the company has conducted large-scale restocking following the global pre-sale launch [6] Group 2 - The official LABUBU store on Tmall now allows direct purchases of single or multiple boxes, with a promise of shipping within 48 hours, contrasting sharply with previous pre-sale situations where products sold out instantly [7] - Market expectations have shifted due to the increased supply, leading to a decline in speculative buying, which has contributed to the drop in second-hand prices. Some second-hand dealers have reported pausing their acquisitions of LABUBU products [8] - The stock price of Pop Mart has also decreased, falling over 30% from 339 HKD per share in August 2025 to current levels. Analysts suggest this is a strategic move to let LABUBU's value align with its intrinsic worth [8] Group 3 - Pop Mart's overall performance remains strong, with a 245% year-on-year revenue increase to 250 million yuan in Q3 2025. Revenue from China grew by 185% to 190%, while overseas revenue surged by 365% to 370% [8] - In the first half of 2025, Pop Mart reported revenues of 13.88 billion yuan, a 204.4% increase year-on-year, and an adjusted net profit of 4.71 billion yuan, up 362.8% [9] - The founder of Pop Mart has projected a full-year revenue of no less than 30 billion yuan for 2025, emphasizing the importance of healthy growth metrics [9]