POP MART(HK:09992) 证券时报·2025-11-07 09:09Core Viewpoint - The recent incident involving a live broadcast at Pop Mart has sparked significant discussion, leading to a drop in the company's stock price, despite strong revenue growth reported for Q3 2025. Group 1: Incident and Response - A live broadcast incident occurred where two staff members discussed the high price of a product, leading to public outcry and trending discussions online [1] - Reports indicate that the involved staff members were not terminated, and the company is conducting an internal investigation [1] Group 2: Financial Performance - For Q3 2025, Pop Mart reported an overall revenue growth of 245%-250% year-on-year, with the Chinese market growing by 185%-190% and overseas markets by 365%-370% [3] - The Americas saw a remarkable growth of over 12 times, while Europe experienced a growth of over 7 times [3] Group 3: Expansion and Market Strategy - Pop Mart opened its first store in the Middle East at Hamad International Airport in Doha, which operates 24/7, highlighting its focus on tourism-related retail as a key expansion strategy [3] - The company has established over 570 physical stores globally, indicating a strong commitment to international growth [3] Group 4: Market Potential - According to CICC, China's diverse IP sources from various sectors provide fertile ground for the development of creative and culturally rich IP derivatives, which is crucial for the growth of domestic IP and the introduction of foreign IP [3]