该信息由智通财经网提供 智通财经APP讯，泡泡玛特(09992)发布公告，2025年第三季度整体收益(未经审核)，较2024年第三季度 同比增长245%-250%，其中中国收益同比增长185%-190%，海外收益同比增长365%-370%。 2025年第 三季度中国各渠道收益(未经审核)，与2024年第三季度比较为：(1)线下渠道同比增长130%-135%;(2)线 上渠道同比增长300%-305%。 2025年第三季度海外各区域收益(未经审核)，与2024年第三季度比较为：(1)亚太同比增长170%-175%; (2)美洲同比增长1265%-1270%;(3)欧洲及其他地区同比增长735%-740%。 ...

每经AI快讯，10月21日，泡泡玛特在港交所公告，2025年第三季度整体收益（未经审核）较2024第三 季度同比增长245%~250%，其中中国收益同比增长185%~190%，海外收益同比增长365%~370%。 （文章来源：每日经济新闻） ...

人民财讯10月21日电，泡泡玛特在港交所公告，2025年第三季度整体收益较2024年同期增长245%— 250%。其中，中国收益同比增长185%—190%，海外收益同比增长365%—370%。 ...

Market Overview - A-shares saw a collective rise, with the Shanghai Composite Index recovering above the 3900-point mark, closing up 1.36% at 3916.33 points. The Shenzhen Component Index rose 2.06% to 13077.32 points, and the ChiNext Index increased by 3.02% to 3083.72 points. The total trading volume in the Shanghai and Shenzhen markets reached 1.8739 trillion yuan, an increase of 136.3 billion yuan from the previous day [2]. Consumer Electronics Sector - The consumer electronics sector surged due to the strong sales performance of the iPhone 17. Key stocks such as Huanxun Electronics and Industrial Fulian saw significant gains, with Huanxun Electronics hitting the daily limit and Industrial Fulian rising over 9% [3][4]. - Apple's stock rose nearly 4%, reaching a record high of $264, with a market capitalization approaching $3.9 trillion, surpassing Microsoft to become the second-highest valued company in the U.S. [5]. iPhone 17 Sales Performance - The iPhone 17 series has shown a 14% increase in sales compared to the iPhone 16 series during the first ten days post-launch in the U.S. and China. The base model of the iPhone 17 achieved nearly double the sales of its predecessor in China [7]. - Analysts noted that the longer delivery times for the iPhone 17 compared to previous years indicate strong demand, with a 13% increase in waiting times for the new model [7]. Financial Performance of Key Companies - In the first half of the year, Industrial Fulian reported a net profit of approximately 12.113 billion yuan, a year-on-year increase of 38.61%. Other companies like GoerTek and Lens Technology also reported significant profit growth [8]. - Lixun Precision has projected a net profit of 10.89 billion to 11.344 billion yuan for the first three quarters, reflecting a year-on-year growth of 20% to 25% [8]. Storage Chip Sector - The storage chip sector experienced a collective rise due to price increases in memory chips. Companies like Dawi Co., Taiji Industry, and Jucheng Co. saw their stocks hit the daily limit [10]. - The price of DDR4 memory is expected to surge significantly by 2025, with reports indicating that the price of a standard 16GB DDR4 memory stick may exceed 500 yuan [14]. - Supply constraints in NAND and DRAM resources have led to a strong increase in prices, with expectations of continued price rises if supply tightens further [15]. Pop Mart Performance - Pop Mart's stock fell approximately 8% in Hong Kong, marking a decline of over 13% in the last three trading days. The company is expected to release its third-quarter earnings report soon [17][20]. - Despite the recent downturn, analysts from招商证券 maintain a "strong buy" rating for Pop Mart, citing potential growth from overseas expansion and strong IP product performance [20].

（文章来源：第一财经） 泡泡玛特在港交所公告，第三季度整体收益（未经审核），较二零二四年第三季度同比增长 245%-250%，其中中国收益同比增长185%-190%，海外收益同比增长365%-370%。 ...

Core Viewpoint - Pop Mart (09992.HK) announced that its overall revenue for Q3 2025 is expected to increase by 245%-250% year-on-year compared to Q3 2024, with significant growth in both domestic and overseas markets [1] Group 1: Revenue Growth - The overall revenue for Q3 2025 is projected to grow by 245%-250% year-on-year [1] - Domestic revenue in China is expected to increase by 185%-190% year-on-year [1] - Overseas revenue is anticipated to rise by 365%-370% year-on-year [1] Group 2: Channel Performance in China - Offline channel revenue in China is projected to grow by 130%-135% year-on-year [1] - Online channel revenue in China is expected to increase by 300%-305% year-on-year [1] Group 3: Regional Performance Overseas - Revenue in the Asia-Pacific region is expected to grow by 170%-175% year-on-year [1] - Revenue in the Americas is projected to increase by 1,265%-1,270% year-on-year [1] - Revenue in Europe and other regions is anticipated to rise by 735%-740% year-on-year [1]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 泡泡玛特公告，2025年第三季度整体收益较2024年同期增长245%-250%。其中，中国收益同比增长 185%-190%，海外收益同比增长365%-370%。 风险提示及免责条款 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 POP MART INTERNATIONAL GROUP LIMITED 泡泡瑪特國際集團有限公司 （於開曼群島註冊成立的有限公司） 二零二五年第三季度整體收益表現 二零二五年第三季度整體收益（未經審核），較二零二四年第三季度同比增長 245%-250%，其中中國收益同比增長185%-190%，海外1收益同比增長365%- 370%。 二零二五年第三季度中國各渠道收益表現 二零二五年第三季度中國各渠道收益（未經審核），與二零二四年第三季度比較 為： (1) 線下渠道同比增長130%-135%；及 （股份代號：9992） 二零二五年第三季度最新業務狀況 本公告由泡泡瑪特國際集團有限公司（「本公司」，連同其附屬公司及併表聯屬實 體統稱「本集團」）董事會（「董事會」）自願作出，以告知本公司股東及潛在投資者 本集團最新業務更新。 (2) 美洲同比增長1,265%-1,270%；及 (3) 歐洲及其他地區同比增長 ...

Core Viewpoint - TOP TOY, a潮玩 brand under Miniso Group, has officially submitted its prospectus to the Hong Kong Stock Exchange, marking a significant step towards its independent listing and reflecting the founder Ye Guofu's ambition to replicate the success of Pop Mart in the潮玩 market [2][4]. Group 1: Company Overview - TOP TOY was incubated by Ye Guofu in the same year Pop Mart went public, and it has become the second-largest domestic潮玩 brand by sales, with a projected market share of 12.3% in 2024 compared to Pop Mart's 2.2% [4]. - In terms of revenue, TOP TOY is expected to achieve 1.909 billion yuan and 1.360 billion yuan in 2024 and the first half of 2025, respectively, with net profits of 294 million yuan and 180 million yuan, which is only one-tenth of Pop Mart's profitability [5]. Group 2: Business Model and Strategy - TOP TOY's listing represents a challenge from a "channel merchant model" to an "IP operator model," aiming to leverage retail efficiency to break through in the IP-driven潮玩 market [6][7]. - The brand currently holds 43 licensed IPs and 17 proprietary IPs, along with over 600 external IPs, but lacks a standout proprietary IP that can drive significant sales [8][9]. - TOP TOY's revenue heavily relies on external IPs, with external product income accounting for about 50% of total revenue from 2022 to the first half of 2025 [16]. Group 3: Market Position and Consumer Perception - TOP TOY attracts a diverse consumer base, including those who feel overlooked by Pop Mart, but it faces criticism regarding product quality and detail compared to its competitor [20][21]. - The brand's pricing strategy is more affordable, with blind box prices ranging from 39 to 59 yuan, compared to Pop Mart's 59 to 79 yuan, but this approach raises concerns about perceived value and emotional connection with consumers [23][24]. - TOP TOY's frequent promotional activities, such as discounts and bundle offers, may undermine its brand value in a market where emotional connection is crucial [27]. Group 4: Future Outlook - The company plans to expand its physical presence significantly, aiming to open over 1,000 stores in 100 countries within five years, leveraging Miniso's extensive distribution network [27]. - However, the challenge remains in cultivating emotional connections with consumers, which is essential for success in the潮玩 industry, as channel efficiency can be replicated but emotional engagement takes time to develop [28].

关注到谷子经济对正品、防伪的需求，杨健和创业团队将自主研发的裸眼3D悬浮显示技术、PUF+OTP 指纹芯片技术用在谷子经济上。 "谷子经济的重点就是正品保证，知识产权和安全质量非常重要。因此，防伪必须'技术+场景'双高壁 垒，我一直在科技领域做探索，这次创业用在谷子经济上的技术实际上底层是做柔性电路板，甚至是造 芯片的技术。"杨健表示。 谷子科技还从防伪延伸到"兴趣电商+社区"，上线"谷仓App"，打造二次元/潮玩垂直电商平台。成立不 到两年，谷子科技在今年9月已实现超600万元的营收，预计10月营收有望过千万元。目前，该公司累计 融资近2000万元，也正在启动新一轮融资。 日前，第十九届杭州文化创意产业博览会（以下简称"文博会"）在杭州举行。本届文博会以"创意杭州· 联通世界"为主题，汇聚国内外5800余个文创品牌。 第十九届杭州文博会现场，记者观察到潮玩产品的跨界新元素：方回春堂把传统香方装进《葫芦兄弟》 盲盒，乒乓球、羽毛球等毛绒挂件成为年轻人运动时尚标签。同时，硬科技进一步与文化产业融合，例 如，原本用于芯片制造的高科技用于谷子经济IP防伪标识生产，助推谷子经济发展。 "我们一直希望用科技的力量来赋能 ...