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小学生氪金养出百亿帝国?2元卡牌“印钞机”里的秘密
凤凰网财经· 2025-04-29 12:39
来源 |凤凰 网财经《 IPO观察哨 》 当《哪吒 2》的票房热潮席卷全国,与之联名的卡牌竟在二手市场被炒出天价——一张导演签名的哪吒卡牌 被炒到 9.5万, 堪称 "电子黄金" 。 卡牌的 幕后制作者正是 浙江卡游动漫有限公司(下称 "卡游") ,这家靠 2元一包的卡牌年入百亿的公司,正以惊人的速度改写中国玩具行业的规 则, 却因 狂奔在 资本市场埋下暗雷。 2024年 , 卡游营收破百亿大关,达到 100.57亿元,同比暴涨278%。它的赚钱能力甚至超越了"让年轻人疯魔"的泡泡玛特。4月14日,卡游公司 二次冲刺港交所。除令人眼红的暴利生意,萦绕在它身上的是长期困于 "收割小学生""未成年沉溺其中""小学生集卡成瘾"等负面舆论。 01 卡游到底有多暴利? 在创投圈,卡游被称 "小孩收割机",其推出的核心IP"奥特曼系列卡牌"牢牢锁定了小学生群体。 2024年,卡游营收达到100.57亿元,净利润高达44.66亿元,毛利率67.3%。要知道在全球大杀四方的泡泡玛特 当年的 营收 是 130.4亿元,净 利润 为 31.25亿元,这样的财务数据已经令外界惊叹。 而聚焦卡游的核心业务集换式卡牌的毛利率更是高达 ...
传媒ETF(159805)涨超1.3%,五一预售票房突破3000万,“谷子经济”带来新活力
Xin Lang Cai Jing· 2025-04-29 02:53
截至2025年4月29日 09:58,中证传媒指数(399971)强势上涨1.38%,成分股利欧股份(002131)上涨 9.91%,山东出版(601019)上涨4.50%,长江传媒(600757)上涨3.77%,皖新传媒(601801),昆仑万维 (300418)等个股跟涨。 传媒ETF(159805)上涨1.38%,最新价报1.11元。 消息面上,据灯塔专业版,截至4月28日17时26分,2025年"五一"档新片(含重映)预售总票房(含点 映)已突破3000万元,其中,《水饺皇后》由华人影业主投主控;《人生开门红》由万达电影主投主 控;《猎金·游戏》由寰宇娱乐主投主控。 此外据数据显示,中国"谷子经济"市场规模在2024年预计达1689亿元,较2023年增长40.63%,并预计在 2029年突破3000亿元。这一趋势不仅推动了文化产业的发展,也为消费市场带来了新活力。 平安证券认为由于国家利好政策的加持激励,文化娱乐产业供给端将呈现多元增长趋势,传媒行业也将 持续修复上行。基于可选消费的稳健修复逻辑,传媒行业细分领域或将迎来上行机遇。 传媒ETF紧密跟踪中证传媒指数,中证传媒指数从营销与广告、文化娱乐、数 ...
四大证券报精华摘要:4月29日
Group 1 - The National Market Regulation Administration has approved the release of two revised national standards for tourism services, which will enhance the tourism service standard system and stimulate the tourism consumption market [1] - Over 20 A-share companies have announced changes to their stock names, reflecting strategic transformations and aiming to attract investor attention [1] Group 2 - Multiple fund companies have received notifications about a 20% reduction in index usage fees from the China Securities Index Company, effective from April 1 [2] - The quarterly minimum fee for index products has been lowered to 20,000 yuan, with no minimum for certain non-stock index products [2] Group 3 - The scale of ETF funds has surpassed 4 trillion yuan, intensifying competition in the pure index sector, while the growth of index-enhanced funds has recently stagnated [3] - Industry insiders attribute the stagnation to high investor cognitive barriers and the instability of excess returns [3] - Oil service companies in A-shares report stable performance despite recent declines in international oil prices, with companies like CNOOC and Jereh showing solid results [3] Group 4 - The pace of new IPO approvals in A-shares has accelerated, indicating a gradual recovery in the IPO market, with expectations for slight growth in 2025 [4] - Deloitte China predicts that the new stock issuance in 2025 will focus on quality and support for technological innovation [4] Group 5 - The securities industry is expected to see a reversal of difficulties in 2024, with revenue and net profit growth, although investment banking services are still struggling [5] - Only 6 out of 38 listed brokerages reported positive growth in investment banking fees, with an average decline of 27% for the others [5] Group 6 - The "Guzi Economy" concept stock, Pop Mart, has seen significant stock price increases, becoming the first tenfold stock in this sector [6] - The transparency of algorithms used by major platforms is increasing, with implications for digital governance and business models [6] Group 7 - The National Development and Reform Commission has outlined measures to stabilize employment and promote high-quality economic development, focusing on effective investment and consumer support [7] - 15 out of 17 listed banks reported positive year-on-year growth in investment income for Q1 2025, with some banks showing over 100% growth [7] Group 8 - Beijing SKP is among the first stores to implement the "buy and return immediately" tax refund service, which is being expanded nationwide to enhance the consumer experience for international travelers [8]
泡泡玛特股价“狂飙” 年内累计涨超113%
Mei Ri Shang Bao· 2025-04-28 22:20
Core Viewpoint - The recent launch of the third generation of LABUBU plush products by Pop Mart has sparked a global buying frenzy, significantly boosting the company's stock price and market confidence [1][2]. Company Performance - Pop Mart's stock price surged by 12.01% to HKD 193 per share, with a market capitalization reaching HKD 259.19 billion, marking an over 113% increase year-to-date [1][2]. - The company's Q1 2025 report showed a remarkable revenue increase of 165% to 170%, with domestic revenue growing by 95% to 100% and overseas revenue skyrocketing by 475% to 480% [3]. - The latest financial results indicate that Pop Mart achieved a revenue of CNY 13.04 billion in 2024, a year-on-year growth of 106.9%, and a net profit of CNY 3.4 billion, up 185.9% [3]. Market Trends - The upcoming "May Day" holiday is expected to further stimulate consumer spending, contributing to the strong performance of new consumption stocks, including Pop Mart [4][5]. - The new consumption sector is gaining traction, characterized by unique features such as "word-of-mouth" marketing and community-driven promotion, which differ from traditional consumption models [4][6]. - Fund managers are increasingly shifting their focus from traditional to new consumption stocks, with Pop Mart being a prominent choice among top holdings in various consumer-themed funds [4][6].
LABUBU引爆全球潮玩市场,泡泡玛特股价再创历史新高
Zheng Quan Zhi Xing· 2025-04-28 10:18
4月28日,泡泡玛特(09992.HK)股价盘中一度暴涨超13%,达到195港元的历史新高,市值突破2600亿港 元。这一资本市场的热烈反响,与该公司旗下核心IP"LABUBU"第三代产品全球发售引发的消费热潮密 切相关。 4月24日,泡泡玛特旗下人气IP"LABUBU"在全球发售第三代搪胶毛绒产品"前方高能"系列,引发了全 球抢购风潮。发售当晚,"抢LABUBU"等相关词条便迅速登顶微博热搜,国内线上一经开售秒速售罄, 美国芝加哥、美国洛杉矶、英国伦敦及日本原宿等地的海外线下门店外连夜排起长龙。受此影响,泡泡 玛特官方APP下载量激增。七麦数据显示,4月25日,泡泡玛特APP首次登顶美国App Store购物榜,并 一跃成为了App Store免费总榜的第四名。 LABUBU的走红,颠覆了传统潮玩"可爱治愈"的审美逻辑。这只由香港艺术家龙家升设计的精灵,凭借 尖锐耳朵、夸张獠牙和搞怪表情,精准击中了Z世代追求个性表达的情绪需求。2024年以来,韩国女团 BLACKPINK成员Lisa的随身佩戴、国际巨星蕾哈娜的机场街拍,让LABUBU在社交媒体上迅速传播, 积累了极高的人气,泰国文旅部门甚至授予其"文旅体验 ...
减速器风口,谁能切走大蛋糕?丨南财号联播
Group 1 - Pop Mart's official app topped the US App Store shopping chart for the first time, driven by the launch of the new LABUBU product line, which sparked a global buying frenzy [1] - Luoyang Molybdenum's revenue surpassed 200 billion yuan for the first time, with a net profit of 3.946 billion yuan in Q1, a 90.47% increase year-on-year, primarily due to rising copper and cobalt prices [1] - The US stock market indices have collectively declined this year, with the Dow Jones down 5.71%, Nasdaq down 9.98%, and S&P 500 down 6.06%, attributed to policy uncertainties and inflationary pressures [1] Group 2 - The dry steaming cuisine trend is rapidly expanding, with a brand opening 90 new stores in four months, indicating a growing popularity across multiple provinces in China [2] - The industrial robot sector is experiencing a rebound, with production growth rates reaching as high as 33.4% in recent months, signaling a positive outlook for the reducer industry [2] - The rental market has seen a rise in transaction volume while rental prices have decreased, with a notable 10.7% drop in average rent in Hangzhou compared to the previous year [2] Group 3 - The AI pet industry is emerging as a new billion-dollar market, with increasing interest in AI-powered pet products that offer interactive features and unique personalities [2]
A股收评:沪指跌0.2%,地产、消费股齐跌,游戏股活跃
Ge Long Hui· 2025-04-28 07:41
Market Overview - The A-share market experienced a decline on April 28, with the Shanghai Composite Index falling by 0.2% to 3288 points, the Shenzhen Component Index down by 0.62%, and the ChiNext Index decreasing by 0.65% [1][2] - Total trading volume for the day was 1.08 trillion yuan, a decrease of 603 billion yuan compared to the previous trading day, with over 4100 stocks declining across the market [1] Sector Performance - Strong sectors included PEEK materials and gaming, while the real estate, tourism, and food and beverage sectors faced significant declines [2][4] - Notable gainers included state-owned banks and communication services, while automotive parts and consumer electronics saw losses [3] Real Estate Sector - Real estate stocks were among the biggest losers, with companies like TeFa Service dropping over 11% and others like Wo Ai Wo Jia and Shi Lian Hang hitting the daily limit down [4][5] - Despite the current downturn, there are expectations for a new round of policy releases aimed at stabilizing the real estate market, which could lead to a recovery [4] Food and Beverage Sector - The food and beverage sector saw significant declines, with companies like Pinwo Food dropping over 13% and Bei Yin Mei hitting the daily limit down due to financial irregularities [5][6] - Other notable declines included New Dairy and Three Squirrels, both experiencing drops of over 8% [6] Nuclear Power Sector - The nuclear power sector opened strong but later declined, with companies like Tianwo Technology and Huayin Power hitting the daily limit up following the approval of new nuclear projects totaling over 200 billion yuan [7][8] Gaming Sector - The gaming sector showed strength, with companies like Sheng Tian Network and Perfect World rising significantly after the approval of 118 new domestic games [8][9] Banking Sector - The banking sector was active, with Chongqing Bank rising over 4% following comments from the People's Bank of China regarding potential monetary easing measures [10] Market Outlook - Analysts suggest that the market may enter a consolidation phase as companies report earnings and investors adjust their portfolios [11] - Future policies focusing on high-quality development are anticipated to impact market sentiment and sector performance [11]
港股概念追踪|泡泡玛特登上美国AppStore购物榜第一 谷子经济步入历史机遇期(附概念股)
智通财经网· 2025-04-28 02:45
Group 1 - The core viewpoint is that Pop Mart's app has reached the top of the US App Store shopping chart for the first time, driven by the recent launch of new products [1] - The app also climbed 114 positions in a single day, ranking fourth in the overall free chart [1] - The launch of the third generation of the LABUBU plush product series has garnered significant attention in the trendy toy market [1] Group 2 - The "Guzi economy," which focuses on merchandise related to comics, anime, and games, is becoming increasingly popular among young consumers [1] - This economic model emphasizes emotional value through concepts like "companionship" and "spiritual consumption," attracting the attention of Generation Z [1] - The market size of China's "Guzi economy" is expected to reach 168.9 billion yuan in 2024, a growth of 40.63% compared to 2023, and is projected to exceed 300 billion yuan by 2029 [1] Group 3 - Open Source Securities forecasts that the retail sales of toys (excluding trendy toys) in the domestic market will reach 97.85 billion yuan in 2024, with a year-on-year growth of 7.9% [2] - The retail sales of trendy and collectible toys and related products are expected to reach 55.8 billion yuan [2] - The global building block toy category is experiencing significant growth, reflecting consumers' increasing demand for creativity, interaction, and personalized experiences [2] Group 4 - Relevant Hong Kong stocks in the IP trendy toy sector include Pop Mart (09992) and Blokko (00325) [3]
大消费行业周报(4月第4周):IP潮玩和宠物食品赛道延续高景气度
Century Securities· 2025-04-28 01:15
大消费 [Table_ReportDate] 2025 年 4 月 28 日 [T分析师able_A:uthor 罗鹏 ] 执业证书号:S1030523040001 电话:0755-23602217 邮箱:luopeng@csco.com.cn 研究助理:赵靖 电话:0755-23602217 邮箱:zhaojing2@csco.com.cn 公司具备证券投资咨询业务资格 证券研究报告 请务必阅读文后重要声明及免责条款 [Table_Industry] [Table_Title] [Table_Report] [Table_BaseData] IP 潮玩和宠物食品赛道延续高景气度 [Table_ReportType] 大消费行业周报(4 月第 4 周) [Table_Summary] 行业观点: 计算机 2019 年 Q3 综合毛利率(%) 9.7 综合净利率(%) 6.9 行业 ROE(%) 25.6 行业 ROA(%) 5.2 利润增长率(%) 4.21 资产负债率(%) 149 期间费用率(%) 4.54 存货周转率(%) 42.56 讯 1) 上周(4/21-4/25)大消费板块表现分化。美容护理、家 ...
悦己消费助推谷子经济!超八成谷子经济相关企业成立3年内
Qi Cha Cha· 2025-04-27 03:47
(原标题:悦己消费助推谷子经济!超八成谷子经济相关企业成立3年内) 近日,闲鱼发布《2025闲鱼"谷子"趋势报告》,2024年谷子消费爆发,交易额同比涨105%,今年一季 度国谷交易额已达日谷1.2倍。国产游戏IP表现亮眼,《恋与深空》等销量登顶。今年第一季度国风谷 子销量暴涨167%,其中哪吒IP谷子销量同比激增2346.2%,谷子品类方面,徽章("吧唧")是今年最主 流的谷子种类,占谷子销量六成以上,且热度不断上升。年轻消费群体是主力,05后增速最快,女性占 比升至78%,且月均购买2.9次,单次超百元。悦己经济的兴起为谷子经济提供了发展契机,推动了谷 子经济市场规模的不断扩大。 企查查数据显示,近十年,我国谷子经济相关企业每年注册量逐年增加,截至4月25日,2025年我国已 注册94万家谷子经济相关企业,已超2024年同期注册量。企业存量方面,我国现存667.2万家谷子经济 相关企业,其中成立于近三年的企业合计占比87.7%,行业分布上集中归属批发和零售业,占比86%。 1.从注册量来看:今年已注册94万家相关企业 企查查数据显示,我国现存667.2万家谷子经济相关企业。成立年限上,我国谷子经济相关企业 ...