Group 1 - The core viewpoint of the article highlights the rapid rise of the Labubu IP under Pop Mart, which has significantly influenced the trendy toy market and led to a surge in related stocks in the A-share market [1] - The blind box economy and related concepts have seen a strong performance, with over 10 concept stocks hitting the daily limit on June 12, followed by continued gains on June 13 [1] - Many investors are inquiring about potential collaborations with Pop Mart, indicating a strong interest in the company's IP and its market impact [1][3] Group 2 - Several listed companies have responded to investor inquiries regarding their relationship with Pop Mart, with some confirming business collaborations while others stated they have not engaged with the company [4][6] - Companies like Yidian Tianxia and Qingmu Technology have acknowledged their roles in supporting Pop Mart's operations, although the revenue from these services is relatively low [4] - Pop Mart's Labubu products are experiencing high demand, leading to stock shortages in stores, with consumers resorting to secondary markets for purchases [7][10] Group 3 - Pop Mart's financial performance shows that its IP The Monsters generated revenue of 3.04 billion yuan in the previous year, marking a 726.6% increase, and accounted for 23.3% of the company's total revenue [14] - The company faces challenges in meeting the surging demand for its products, prompting adjustments in its supply chain and production capacity [14] - Industry experts note that the lifecycle and influence of domestic IPs remain uncertain, necessitating ongoing investment in content creation to extend the lifespan of these IPs [14]

6月13日，中东局势急剧升级，A股三大指数今日集体下挫，截至收盘，沪指跌0.75%报3377点，深证成指跌1.1%，创业板指跌 1.13%。全天成交1.5万亿元，较前一交易日增量2004亿元，全市场近4500股下跌。 | 名称 | 最新 | 涨跌 | 涨幅 | 年初至今 | | --- | --- | --- | --- | --- | | 上证指数 | 3377.00 | -25.66 | -0.75% | +0.75% | | 深证成指 | 10122.11 | -112.22 | -1.10% | -2.81% | | 北证50 | 1382.74 | -41.64 | -2.92% | +33.24% | | 创业板指 | 2043.82 | -23.33 | -1.13% | -4.57% | | 科创综指 | 1178.40 | -11.90 | -1.00% | +5.33% | | 科创50 | 972.94 | -5.03 | -0.51% | -1.62% | 盘面上，以色列袭击伊朗致国际油价、国际金价大涨，黄金、石油及天然气等板块集体拉升，通源石油、洲际油气、西部黄金等多股 涨停；核污染 ...

"两只Labubu拍出190万天价""在国外遭抢购甚至上演'斗殴'事件""创始人成为河南新首富"......近期， Labubu可谓是市场的红人。在其爆火的牵动下，泡泡玛特的股价也是一飞冲天。 二级市场来看，6月12日，泡泡玛特盘中股价再创历史新高，达283.4港元/股。该公司当前股价与今年 初相比已经涨超200%，另外与2024年2月的15.7港元的区间低价比，该公司在一年多的时间股价已经涨 超16倍。 市值方面，泡泡玛特最新市值已经超3600亿港元，高过携程集团、中国财险、中信证券、中信国际等港 股上市公司市值。 6月6日，名创优品回应旗下TOP TOY分拆上市传闻。名创优品集团发布公告指出，公司正在对以"TOP TOY"品牌运营的潮流玩具业务潜在分拆上市的可能性进行初步评估，以期优化股东价值。拟议计划尚 属初步阶段，是否会推进取决于包括市场条件在内的诸多因素。无法保证该拟议计划的时间、上市地点 或其他细节。 不过，市场上存在对泡泡玛特股价存在泡沫的担忧。 | 全港股 | 24H最热 | 港股通 | AH 股 | 明星股 | 111 | | --- | --- | --- | --- | --- | -- ...

以下文章来源于锌刻度 ，作者孟会缘 锌刻度 . 专注科技互联网原创报道 将投中网设为"星标⭐"，第一时间收获最新推送 这种"收藏+社交+投资"的复合生态中，Labubu盲盒不再只是一款潮玩产品那么简单，它已经成为了 一种潮流符号，一种社交媒介，甚至是年轻人投资理财的新选择。 然而，随着Labubu在二手市场的空前繁荣，市场乱象也随之浮现。 回收空盒、高仿盲盒等投机行为高发，虚标二手价格、恶意炒作隐藏款等现象层出不穷，不仅损害了 消费者的利益，也对Labubu的品牌形象及其所代表的盲盒产业生态构成了严重威胁。 这些乱象的存在如同一面镜子，映照出盲盒市场快速发展背后，是监管缺失与消费者理性不足的双重 困境。 Labubu在二手市场的空前繁荣。 | 作者丨 孟会缘 编辑丨 黎文婕 | | --- | | 来源丨 锌刻度 | 一代人有一代人的鸡蛋要领，而Labubu就是当代年轻人争着抢着都要领的"鸡蛋"。 近期，有银行推出"存款送Labubu盲盒"的活动招揽储户引发广泛热议，尽管此类营销活动已经被叫 停，但Labubu对年轻一代的强大吸引力已不言而喻。 从一款初代薄荷色的Labubu被拍卖出108万元的天价，到二手市 ...

Market Performance - On June 12, 2025, the A-share market experienced narrow fluctuations, with the Shanghai Composite Index rising by 0.01% and the Shenzhen Component Index falling by 0.11%[15] - The total market turnover was 12,716.30 billion CNY, an increase of 163.56 billion CNY compared to the previous trading day[15] - A total of 2,358 stocks rose while 2,902 stocks fell across the market[15] Sector and Style Analysis - Among the 30 CITIC first-level industries, the top performers were Comprehensive Finance (1.57%), Nonferrous Metals (1.32%), and Media (1.31%)[20] - The worst performers included Food and Beverage (-1.16%), Coal (-1.14%), and Agriculture, Forestry, Animal Husbandry, and Fishery (-1.01%)[20] - Fund-heavy stocks outperformed the CSI All Share Index[20] Capital Flow - On June 12, 2025, the net outflow of main funds was 159.12 billion CNY, with large orders contributing to a net outflow of 129.36 billion CNY[24] - Small orders continued to see a net inflow of 181.95 billion CNY[24] ETF Trading Activity - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw significant decreases in trading volume, with changes of -5.35 billion CNY and -16.63 billion CNY respectively[29] - The total trading volume for the major ETFs was as follows: SSE 50 ETF (10.82 billion CNY), CSI 300 ETF (27.59 billion CNY), and CSI 500 ETF (5.37 billion CNY)[29] Global Market Overview - On June 12, 2025, major Asia-Pacific indices closed mixed, with the Hang Seng Index down 1.36% and the Nikkei 225 down 0.65%[33] - In the U.S., major indices also saw declines, with the Dow Jones Industrial Average down 0.00% and the S&P 500 down 0.27%[33]

Market Overview - On June 12, the Shanghai Composite Index closed at 3402.66 points, up 0.01%, with a trading volume of 501.625 billion yuan. The Shenzhen Component Index closed at 10234.33 points, down 0.11%, with a trading volume of 770.16 billion yuan. The ChiNext Index closed at 2067.15 points, up 0.26%, with a trading volume of 378.572 billion yuan. The STAR Market 50 Index closed at 977.97 points, down 0.3%, with a trading volume of 22.227 billion yuan. The total trading volume of both markets was 1.271785 trillion yuan, an increase of 16.318 billion yuan compared to the previous trading day [1]. Sector Performance - The market saw a predominance of rising sectors, with notable gains in non-ferrous metals, media, beauty care, pharmaceutical biology, telecommunications, banking, oil and petrochemicals, and jewelry. Concepts such as blind box economy, millet economy, lottery, innovative drugs, pet economy, Xiaohongshu, controllable nuclear fusion, gold, and film and television also showed active performance. Conversely, sectors like home appliances, coal, food and beverage, agriculture, forestry, animal husbandry, real estate, and national defense and military industry experienced declines [2]. Individual Stock Performance - A total of 2196 stocks rose while 2741 stocks fell, with 194 stocks remaining flat and 20 stocks suspended. Excluding newly listed stocks, there were 73 stocks that hit the daily limit up, while 5 stocks hit the limit down. The most popular stock among those hitting the limit up was Yingli Automobile, with a closing limit up order of 37.7692 million shares [2]. Fund Flow Analysis - The net outflow of main funds in the Shanghai and Shenzhen markets was 9.269 billion yuan, with the ChiNext experiencing a net outflow of 3.304 billion yuan. The CSI 300 index saw a net inflow of 396 million yuan, while the STAR Market experienced a net outflow of 748 million yuan [6]. Industry Fund Flow - Among the 31 primary industries, 12 saw net inflows of main funds. The telecommunications sector had the highest net inflow of 670 million yuan, followed by media, pharmaceutical biology, and coal with net inflows of 395 million yuan, 365 million yuan, and 258 million yuan, respectively. The automotive sector had the largest net outflow of 2.282 billion yuan, followed by electronics, machinery, computers, national defense and military industry, and chemicals [7]. Top Gainers and Losers - The top individual stocks with net inflows included Rongfa Nuclear Power with a net inflow of 884 million yuan, followed by Dongfang Caifu, Wolong Nuclear Materials, Midea Group, and Guangxi Media with net inflows of 636 million yuan, 546 million yuan, 415 million yuan, and 396 million yuan, respectively [8]. Conversely, BYD had the highest net outflow of 698 million yuan, followed by Wuliangye, Yaoji Technology, and Limin Shares [12]. Institutional Activity - Institutional investors had a net buy of approximately 340.355 million yuan, with Yaoji Technology being the most bought stock at a net buy of approximately 226.834 million yuan. The most sold stock was Limin Shares, with a net sell of approximately 99.061 million yuan [16].

一代人有一代人的鸡蛋要领，而Labubu就是当代年轻人争着抢着都要领的"鸡蛋"。 近期，有银行推出"存款送Labubu盲盒"的活动招揽储户引发广泛热议，尽管此类营销活动已经被叫停，但Labubu对年轻一代的强大吸引力已不言而喻。 从一款初代薄荷色的Labubu被拍卖出108万元的天价，到二手市场上部分Labubu溢价超30倍、2024年隐藏款年均收益率超300%，这一系列事件无疑将盲盒 文化，尤其是以Labubu为代表的盲盒IP，推向公众视野的风口浪尖。 收藏者们通过拥有稀有款或隐藏款Labubu，展示自己的独特品味和收藏实力；在社交平台上，Labubu盲盒已经成为年轻人交流的热门话题；而于投资领 域，Labubu盲盒的高溢价和年均收益率，更是让不少投资者眼前一亮，纷纷入局…… 这种"收藏+社交+投资"的复合生态中，Labubu盲盒不再只是一款潮玩产品那么简单，它已经成为了一种潮流符号，一种社交媒介，甚至是年轻人投资理 财的新选择。 然而，随着Labubu在二手市场的空前繁荣，市场乱象也随之浮现。 回收空盒、高仿盲盒等投机行为高发，虚标二手价格、恶意炒作隐藏款等现象层出不穷，不仅损害了消费者的利益，也对Lab ...

Market Overview - The Shanghai Composite Index closed at 3402.32 points, up 0.52%, with a trading volume of 501.81 billion yuan [1] - The Shenzhen Component Index closed at 10246.02 points, up 0.83%, with a trading volume of 753.66 billion yuan [1] - The ChiNext Index closed at 2061.87 points, up 1.21%, with a trading volume of 360.49 billion yuan [1] - The total trading volume of both markets was 1255.47 billion yuan, a decrease of 159.91 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included non-ferrous metals, securities, insurance, agriculture, education, automotive, media, and electric equipment [3] - Notable concepts with active performance included rare earth permanent magnets, blind box economy, integrated die-casting in automotive, and gaming [3] - The pharmaceutical and biotechnology sectors saw the largest declines, with significant weakness in helium, recombinant proteins, and controlled nuclear fusion concepts [3] Stock Performance - A total of 3229 stocks rose, while 1661 stocks fell, with 241 stocks remaining flat and 19 stocks suspended [3] - 71 stocks hit the daily limit up, while 7 stocks hit the limit down [3] - The most popular stock hitting the limit up was Shengli Precision, with a closing limit order of 31.11 million shares [3] Fund Flow Analysis - The net outflow of main funds from the Shanghai and Shenzhen markets was 4.99 billion yuan, with the ChiNext seeing a net outflow of 2.51 billion yuan [7] - The non-bank financial sector had the highest net inflow of 1.63 billion yuan, followed by automotive and electronics sectors [7] - The pharmaceutical sector experienced the largest net outflow of 1.99 billion yuan, with significant outflows also in chemicals and telecommunications [7] Institutional Activity - Institutions had a net selling of approximately 176 million yuan, with the most bought stock being Angli Kang, netting 170 million yuan [19] - The top net selling stock was Lianhua Technology, with a net outflow of 887 million yuan [15] - A total of 2830 stocks were sold by main funds, with 44 stocks seeing net outflows exceeding 100 million yuan [15] Notable Stocks - Ying Shi Innovation had the highest net inflow of 1.09 billion yuan, with a significant increase of 274.44% [12] - Other notable stocks with high net inflows included Dongfang Caifu and BYD, with net inflows of 863 million yuan and 594 million yuan respectively [12] - Conversely, stocks like Lianhua Technology and Zhongke Shuguang saw significant net outflows, with Lianhua at -887 million yuan [16]

Group 1 - LABUBU continues to gain popularity, with a rare mint green collectible selling for 1.08 million yuan at auction, and some limited edition items being resold for over 10,000 yuan [1] - Bubble Mart's stock price has surged over 188% this year, with a tenfold increase since February 2024, making it a significant player in the market [1] - LABUBU's search popularity has surpassed that of Hello Kitty, prompting several institutions to raise Bubble Mart's target price to over 300 HKD [2] Group 2 - Analysts from Morgan Stanley highlight that expansion into North America and Europe will be crucial for Bubble Mart's future growth, with North American sales expected to match China's by 2028-2029 [3] - The demand for LABUBU has led to supply shortages, with counterfeit factories struggling to keep up, and some sellers offering high-quality replicas at lower prices [4][10] - Legal interpretations indicate that manufacturers of counterfeit LABUBU products could face severe penalties, including imprisonment for up to 15 years or life sentences if the infringement is severe [11] Group 3 - Ningbo Customs has seized thousands of counterfeit LABUBU products, including plush toys and blind boxes, which infringe on copyright and trademark rights [12][14] - The customs authority is actively enforcing intellectual property rights, with regulations allowing for the confiscation of infringing goods and potential criminal charges for serious violations [16]

Core Insights - LABUBU has emerged as a leading trendy toy IP since its inception in 2015, characterized by its unique blend of cute and edgy elements, which resonates with contemporary consumer preferences [1][2][5] - The popularity of LABUBU has significantly contributed to the soaring market value of Pop Mart, the company behind it, with LABUBU becoming a cultural phenomenon among young consumers [1][10] Company Overview - Pop Mart, established in 2010, is recognized as a leading cultural entertainment company in China, focusing on trendy toys that integrate art, design, and pop culture, primarily targeting adult consumers [3][20] - The company successfully transitioned to a trendy toy business model in 2016, launching its first self-developed blind box product, which validated the commercial viability of the blind box model [20][22] Market Dynamics - The trendy toy market has evolved from niche to mainstream, with significant contributions from companies like Pop Mart, which has established a comprehensive operational platform covering the entire trendy toy industry chain [3][20] - LABUBU's success is attributed to its effective marketing strategies, including collaborations with global celebrities, which have amplified its visibility and desirability among consumers [8][9][10] Consumer Engagement - The blind box sales model employed by Pop Mart creates a psychological drive for consumers, enhancing the excitement of unboxing and fostering a sense of community among collectors [22][24] - LABUBU has transcended its role as a mere toy, becoming a social currency among young people, who use it as a means of self-expression and identity [11][18] Financial Performance - LABUBU's revenue from the "The MonsterS" series skyrocketed from 368 million yuan in 2023 to 3.041 billion yuan in 2024, marking a staggering year-on-year growth of 726.6% [10] - The surge in LABUBU's popularity has led to a more than 500% increase in Pop Mart's stock price from July 2024 to June 2025 [10]