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中国银河:泡泡玛特的销售预期可能提高业绩可见度
Xin Lang Cai Jing· 2026-02-11 08:04
Group 1 - The core viewpoint of the article is that Pop Mart's latest sales forecast has increased its performance visibility, with significant expected growth in net profit and revenue due to supply chain optimization and product mix improvement [1] - Pop Mart reported total sales exceeding 400 million units last year, and analysts predict a 310% increase in net profit by 2025, reaching RMB 13.9 billion [1] - The company's annual revenue is expected to surge by 203% to RMB 39 billion, driven by the expansion of overseas stores, with approximately 70 new stores planned for this year [1] Group 2 - China Galaxy International maintains a buy rating on the stock with a target price of HKD 391.00, despite the stock experiencing a decline of 5.3% to HKD 255.40 [1]