泡泡玛特：三季度业绩大超预期，潮玩龙头重回千亿市值

[Table_Info] 维持优于大市 Maintain OUTPERFORM 评级 优于大市 OUTPERFORM 现价 HK$75.20 目标价 HK$80.90 HTI ESG 4.0-3.5-5.0 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 1mth 3mth 12mth 绝对值 51.3% 87.1% 238.0% 绝对值（美元） 51.7% 87.9% 240.3% 相对 MSCI China 34.7% 68.1% 215.7% [Table_Profit] Rmb mn Dec-23A Dec-24E Dec-25E Dec-26E Revenue 6,301 12,420 16,206 19,966 Revenue (+/-) 36% 97% 30% 23% Net profit 1,191 2,851 3,879 4,951 Net profit (+/-) 108% 139% 36% 28% Diluted EPS (Rmb) 0.89 2.14 2.91 3.72 GPM 61.3% 65.1% 66.2% ...