股价大跌20%后，泡泡玛特火线回购5.99亿港元

Group 1 - The company announced a significant share buyback plan, investing HKD 599 million to repurchase 3.94 million shares at a price range of HKD 148.4 to HKD 157.8 per share, aimed at stabilizing market sentiment and demonstrating confidence in long-term growth [1] - Following the release of its 2025 financial report, which showed total revenue of CNY 37.12 billion (up 184.7% year-on-year) and adjusted net profit of CNY 13.08 billion (up 284.5% year-on-year), the company's stock price experienced a sharp decline of over 20% [3] - Despite strong performance metrics, there are concerns regarding the company's ability to maintain high growth rates in 2026, leading to a significant market reaction and stock price drop [3] Group 2 - The company has been actively repurchasing shares, with a total buyback amount exceeding HKD 900 million, indicating a strategy to support its stock price amidst market volatility [3] - The stock price has shown a notable decline since September 2025, contrasting sharply with the company's reported strong earnings growth, highlighting a disconnect between market perception and financial performance [3]