Zhi Tong Cai Jing·2026-01-20 01:34Core Viewpoint - Pop Mart (09992) has initiated a share buyback program, signaling strong growth and financial health, which may attract more investors [1] Group 1: Share Buyback Announcement - Pop Mart announced a share buyback of 1.4 million shares at a cost of HKD 251 million, with prices ranging from HKD 177.7 to HKD 181.2 per share [1] - This marks the company's first share repurchase since early 2024, indicating a strategic move to enhance shareholder value [1] Group 2: Financial Performance and Projections - Morgan Stanley projects that Pop Mart will achieve a net profit of RMB 12.6 billion by 2025, reflecting strong growth drivers and a clear long-term strategy [1] - As of the end of last year, Pop Mart had RMB 20 billion in net cash, demonstrating ample financial resources to provide returns to shareholders [1]