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泡泡玛特(09992)供应链负责人袁俊杰:毛绒产能同比提升10倍,8月产能突破3000万只
智通财经网· 2025-08-20 02:49
智通财经获悉,8月20日,泡泡玛特(09992)召开2025中期业绩发布会,供应链负责人袁俊杰表示,泡泡 玛特毛绒品类成为爆款品类,得益于产业链的精密制造和双向协同,毛绒品类产能同比提升10倍,8月 产能突破3000万只。得益于3A供应链,泡泡玛特通过开发新材料、新工艺,从而制定标准持续提升质 量管理管理水平。在今年上半年,泡泡玛特供应链联合广州海关等机构共同发布了潮玩产品、周边产品 的相关标准。2025年上半年,泡泡玛特毛绒品类实现营收61.4亿元,同比增长1276.2%。 ...
从全球视角看新型烟草发展趋势;跨行业比较,看个护行业投资框架;潮玩产业链研究框架
2025-08-07 15:03
Summary of Key Points from Conference Call Records Industry Overview - The records discuss trends in the **new tobacco industry**, **personal care industry**, and **trendy toy industry** [1][2][10][18]. New Tobacco Industry - The new tobacco industry is entering a rapid development phase, with major international players like Philip Morris International, British American Tobacco, and Japan Tobacco accelerating their efforts [10][11]. - New tobacco products are expected to account for over 40% of total revenue by 2025, driven by the decline of traditional tobacco consumption [12]. - The average selling price of new tobacco products is 2.3 times that of traditional cigarettes, contributing to revenue growth and reducing regulatory risks [12]. - Key products in the new tobacco sector include heated non-combustible products and oral tobacco, which are better suited for large companies due to lower regulatory pressures [14][15]. Personal Care Industry - Emerging brands are achieving rapid growth through multi-channel competition, product innovation, and adapting to market changes, exemplified by Baiya Co. in the sanitary napkin and toothpaste sectors [1][4]. - Baiya Co. launched a probiotic product that captured significant market share, with health-oriented products contributing over 60% of its revenue by Q1 2025 [1][4]. - The toothpaste market is favorable for companies like Dengkang, which is positioned to gain market share as foreign brands decline [7]. - Haoyue's acquisition of the Jieting brand has strengthened its product portfolio and market position in the sanitary napkin category [8]. Trendy Toy Industry - The trendy toy industry is shifting from material consumption to emotional consumption, with IP (intellectual property) and AI (artificial intelligence) as key development directions [2][20]. - Companies like Pop Mart have successfully expanded their product lines and achieved significant international sales growth, with overseas revenue expected to match domestic revenue by 2025 [25]. - The market for IP toys is characterized by emotional, social, and collectible values, which enhance consumer engagement and drive demand [21][22]. - The industry is seeing a rise in companies that excel in both IP creation and monetization, which is crucial for sustaining growth [28]. Additional Insights - The personal care industry is experiencing a transformation with increased consumer recognition of domestic brands, leading to new investment opportunities [2]. - The competitive landscape in the personal care sector is evolving, with companies focusing on innovative product offerings and effective channel strategies to capture market share [4][6]. - Regulatory risks in the new tobacco sector may negatively impact domestic white-label and private enterprises, while compliance products from established tobacco companies may benefit from stricter regulations [14]. This summary encapsulates the essential insights and trends from the conference call records, highlighting the dynamics within the new tobacco, personal care, and trendy toy industries.