来源：财中社 2月25日，小黄鸭德盈（02250）发布公告，宣布完成配售事项。根据公告，合共2736万股配售股份已成 功以每股0.74港元的价格配售，所得款项总额为2025万港元。实际所得款项净额约为1980万港元，低于 先前预估的4950万港元。 公告中提到，所得款项净额的使用计划为：约50%或990万港元用于发展IP相关产品制造；约30%或590 万港元用于开拓城市娱乐项目；约20%或400万港元用于一般运营资金。 ...

Core Viewpoint - Labubu has significantly increased its restocking efforts, leading to improved availability of products, although some popular items remain out of stock both online and offline [1][2]. Group 1: Restocking Efforts - Labubu's restocking frequency has noticeably increased, with notifications of new arrivals frequently appearing in store communities [1][2]. - During the New Year period, a large-scale restocking was conducted by Pop Mart, resulting in consumers successfully purchasing the Labubu heart password series [2]. - Despite the increased restocking, certain Labubu series products, such as the front high-energy series and heart password series, remain sold out in both physical and online stores [1][2]. Group 2: Consumer Demand and Market Dynamics - Consumer enthusiasm for purchasing older Labubu products remains high, indicating a persistent demand gap between supply and demand [2]. - The transition from online-only purchases to allowing in-store purchases reflects a shift in sales strategy, aimed at improving consumer access to products [2]. - The secondary market prices for Labubu products have significantly adjusted downward, indicating that the brand is regaining pricing power and moving towards a healthier market environment [3].

Core Viewpoint - Pop Mart is actively preparing for the production of movies to enhance the dimensionality and vibrancy of its IP characters, such as Molly and Labubu, which are celebrating significant anniversaries this year [1] Group 1 - Pop Mart's Vice President, Chen Xiaoyun, announced the company's plans to develop movies featuring its IP characters [1] - The characters Molly and Labubu will celebrate their 20th and 10th anniversaries respectively this year, attracting new fans [1] - This year also marks the 50th anniversary of diplomatic relations between China and Thailand, prompting Pop Mart to explore celebratory activities in a trendy manner [1]