Zheng Quan Shi Bao·2026-01-20 05:23Group 1 - Pop Mart (09992.HK) experienced a significant stock increase, rising over 10% at one point and closing up more than 8% on January 20 [2] - The company announced a share buyback of 2.51 billion HKD for 1.4 million shares, with a repurchase price ranging from 177.7 HKD to 181.2 HKD per share, marking its first buyback of 2024 [3] - The collaboration with Honor to launch the "Honor 500 Pro MOLLY 20th Anniversary Limited Edition" smartphone, priced at 4,499 RMB (3,999 RMB after subsidies), is set to officially go on sale on January 25 [4] Group 2 - Huatai Securities believes that Pop Mart's globalization and IP group strategy will leverage its unique business model to drive rapid growth, positioning it as a leading global platform for trendy toys [4]