Zhi Tong Cai Jing·2026-01-23 02:00Core Viewpoint - Pop Mart (09992) has seen a significant stock increase of over 7%, currently trading at 220.8 HKD with a transaction volume of 2.067 billion HKD, driven by the launch of new products and strong consumer demand [1] Product Launch and Sales Performance - On January 22, Pop Mart's new PUCKY Knock Knock electronic wooden fish plush blind box was trending, designed to provide emotional relief through realistic sound effects when tapped [1] - The "Full Throttle" plush blind box series for 2026 sold out within one minute of its online release [1] - The Valentine's Day limited edition blind box series "Starry Person's Heartbeat" was also quickly sold out upon release [1] Media Engagement and Share Buyback - A program titled "Sound of Yang" featuring an interview with Pop Mart's founder Wang Ning is scheduled to air on January 23, enhancing the company's media presence [1] - Pop Mart has conducted share buybacks totaling nearly 350 million HKD, with recent buyback amounts and share counts exceeding previous levels, indicating strong confidence in the company's growth prospects [1] Operational Excellence - The company continues to refine its store operations, scene atmosphere, and emotional experiences, demonstrating sustained capabilities in IP innovation and category innovation, which are driving new IPs and gameplay to gain traction [1]