以下文章来源于字母榜 ，作者张琳 字母榜 . 让未来不止于大 资本市场在等待下一个 LABUBU的同时 ，也在期待下一个泡泡玛特。 文 ｜ 张琳 编辑 ｜ 彦飞 来源｜ 字母榜（ID:wujicaijing） 封面来源 ｜ 企业官方 "这周就要发布Mini版LABUBU，以前可能大家是挂在包上，可能 从下周开始，大家甚至可以挂在手机上， 它的使用场景会更多，相信它会是一个超级受 欢迎的爆款。" 8月20日，在泡泡玛特2025年中期业绩发布会上，泡泡玛特董事长兼CEO王宁化身"带货博主"，从胸前西装口袋中拿出了一个Mini版LABUBU介绍道。 这款即将登场的Mini版LABUBU仅有掌心大小，延续了LABUBU标志性的搪胶毛绒设计。 这个夏天，LABUBU成了当之无愧的顶流，被带飞的泡泡玛特也不出意外地交出了一份高增长的成绩单。 8月19日，泡泡玛特发布了2025年半年报，财报显示，上半年泡泡玛特营收138.8亿元（人民币，下同），同比增长204.4%；经调整净利润47.1亿元，同比增 长362.8%。 泡泡玛特上半年的营收和净利润均已超过了2024年全年。 财报发布后，泡泡玛特股价持续上涨，并于8月20日创 ...

以下文章来源于字母榜 ，作者张琳 字母榜 . 让未来不止于大 将投中网设为"星标⭐"，第一时间收获最新推送 资本市场也在等待下一个泡泡玛特。 作者丨 张琳 编辑丨 彦飞 来源丨 字母榜 "这周就要发布Mini版LABUBU，以前可能大家是挂在包上，可能 从下周开始，大家甚至可以挂在 手机上， 它的使用场景会更多，相信它会是一个超级受欢迎的爆款。" 8月20日，在泡泡玛特2025年中期业绩发布会上，泡泡玛特董事长兼CEO王宁化身"带货博主"，从 胸前西装口袋中拿出了一个Mini版LABUBU介绍道。 这款即将登场的 Mini 版 LABUBU 仅有掌心大小，延续了LABUBU标志性的搪胶毛绒设计。 上半年，泡泡玛特在美洲、欧洲市场分别实现了1142.3%、729.2%的增长。国内市场营收为82.8 亿元，同比增长135.2%，虽增速不及海外，但依然表现强劲。 财报发布后，泡泡玛特股价持续上涨，并于8月20日创历史新高。截至当日收盘，泡泡玛特港股股价 报315.40港元/股， 较前一交易日收盘价280.8港元上涨34.6港元，当日涨幅为12.32%，并推动 其市值突破 4254.44亿港元，创历史新高。 尽管主流 ...

Core Viewpoint - Pop Mart's founder Wang Ning expressed confidence in achieving a revenue target of 300 billion yuan for the year, significantly higher than the initial goal of 200 billion yuan [1] Financial Performance - In the first half of 2025, Pop Mart reported a revenue of 138.8 billion yuan, representing a year-on-year increase of 204.4% [1] - The adjusted net profit for the same period was 47.1 billion yuan, showing a remarkable growth of 362.8% year-on-year [1] - The profit attributable to the company's owners reached 45.74 billion yuan, up 396.5% compared to the previous year [1] - Both revenue and net profit for the first half of 2025 exceeded the total figures for the entire previous year [1] Key Product Development - The LABUBU brand has become a global sensation, contributing 48.1 billion yuan in revenue, which is a staggering increase of 668.0% year-on-year [1] - LABUBU's revenue accounted for 34.7% of total revenue in the first half of 2025, up from 23.3% in the 2024 annual report [1] - A Mini version of LABUBU is set to be launched, expanding its usage scenarios beyond being attached to bags to now include mobile phones [1]

Core Insights - The founder of Pop Mart, Wang Ning, stated that the new LABUBU products this year are being released in a restrained manner, indicating strong existing demand and future value potential [1] - Wang Ning announced the upcoming release of a Mini version of LABUBU, which will expand its usage scenarios beyond just being attached to bags [1] - The revenue contribution from IPs is not a major concern for the company, as each IP has its unique characteristics [5] Revenue Performance - In the first half of the year, the revenue from LABUBU's category, THE MONSTERS, reached 4.81 billion yuan, accounting for 34.7% of total revenue [5] - Other IPs such as MOLLY, SKULLPANDA, CRYBABY, and DIMOO also surpassed 1 billion yuan in revenue [5] - The company's stock price increased by nearly 6%, approaching 300 HKD, with a market capitalization nearing 400 billion HKD, marking a historical high [5] Future Projections - Wang Ning expressed confidence that achieving 30 billion yuan in revenue this year is quite feasible, with a previous expectation of 20 billion yuan for 2025, reflecting a 50% year-on-year growth [7]

Core Viewpoint - The article discusses the recent surge in popularity and stock price of Pop Mart, highlighting its impressive financial performance and strategic approach to IP development. Financial Performance - On August 20, Pop Mart's stock price surged, surpassing 300 HKD for the first time, reaching a market capitalization of 420.9 billion HKD [2] - For the first half of 2025, Pop Mart reported revenue of 13.88 billion CNY, a year-on-year increase of 204.4%, and an adjusted net profit of 4.71 billion CNY, up 362.8% [3][4] IP Development Strategy - CEO Wang Ning introduced a Mini version of LABUBU, emphasizing the importance of not over-exploiting the IP to maintain its value [5][7] - Wang compared the potential of a successful IP to a gold mine, suggesting that its true commercial value begins to emerge once it gains global recognition [5] - Despite the popularity of LABUBU, Pop Mart has been cautious in expanding its physical stores, expecting a net increase of no more than ten stores in China this year [7] New Product Launches - Starting August 21, Pop Mart will launch several new products, including collaborations with singer Zhou Shen, with some items already seeing significant price increases on resale platforms [8][12] - The new IP, HIRONO, generated 730 million CNY in revenue, a 197% increase, while the Star People IP achieved 390 million CNY in revenue, making it one of the fastest-growing new IPs [15] Diverse IP Portfolio - Wang expressed that having a diverse range of IPs is crucial for the company's health, similar to how Mickey Mouse represents Disney [16]

8月20日，在泡泡玛特举办2025年中期业绩发布会上，泡泡玛特董事长兼CEO王宁取下胸前西装口袋中 的Mini版LABUBU介绍道，"这周就要发布Mini版LABUBU，以前可能大家是挂在包上，可能从下周开 始，大家甚至可以挂在手机上，它的使用场景会更多，相信它会是一个超级受欢迎的爆款。" （文章来源：21世纪经济报道） 港股方面，截至午间收盘，泡泡玛特（09992.HK）股价报305港元，涨8.62%，刷新上市以来新高。 ...

8月19日，泡泡玛特发布今年上半年中期业绩报告。期内，该公司收益138.76亿元，同比增长204.4%； 拥有人应占溢利45.74亿元，同比增长396.5%。 今年上半年，泡泡玛特在中国的收入达到82.83亿元，同比增速135.2%；亚太收入达28.51亿元，同比增 长257.8%；美洲收入22.65亿元，同比增长1142.3%；欧洲及其他地区实现收入4.78亿元，同比增长 729.2%。 8月20日，在泡泡玛特中期业绩发布会，泡泡玛特董事会主席及行政总裁公司王宁表示，海外市场表现 超出预期。今年上半年，美洲市场收入占比已经超过16%，而北美门店目前仅40家左右，下半年会继续 开店，到年底计划超60家。公司对北美、亚太、欧洲市场未来增长非常有信心。 另外据财报，2025年上半年，泡泡玛特共有13个艺术家IP收入过亿，其中包含LABUBU在内的THE MONSTERS、MOLLY、SKULLPANDA、CRYBABY和DIMOO在报告期内分别实现收入48.14亿元、 13.57亿元、12.21亿元、12.18亿元和11.05亿元。 本文源自：金融界 王宁还在今日举行的业绩说明会上展示了泡泡玛特即将发布的新品Mi ...

8月20日，港股泡泡玛特股价持续拉升，截至发稿，涨幅超8%，股价首次突破300港元，续创历史新 高，市值突破4000亿港元。 2025.08.20 本文字数：830，阅读时长大约2分钟 作者 |一财资讯 8月20日，在业绩发布会上，泡泡玛特创始人王宁表示，这周就要发布Mini版LABUBU，以前可能大家 是挂在包上，可能从下周开始，大家甚至可以挂在手机上，它的使用场景会更多。 王宁表示，"从IP贡献营收的占比来讲，首先我个人不认为如果有一个IP占比特别大，就不健康。我觉 得这个比例其实对于我们来讲也不是那么重要。我们相信其实每个IP都各具特色。" 王宁谈业绩指引时表示，今年是希望营收能够做到200亿，但是感觉今年应该300亿也很轻松。虽然业绩 的增长是非常重要，但是对于整个公司来讲，健康度也很重要。 泡泡玛特供应链中心总裁袁俊杰表示，以毛绒玩具为例，现在一个月的产能是去年同期的十倍以上，现 在是3000万只左右。 泡泡玛特昨日在港交所发布的公告显示，公司上半年收益138.76亿元，同比增长204.4%；2025年上半年 本公司拥有人应占溢利45.74亿元，同比增长396.5%。 | 中期業績摘要 | | | ...

2025.08. 20 本文字数：830，阅读时长大约2分钟 作者 | 一财资讯 8月20日，港股泡泡玛特股价持续拉升，截至发稿，涨幅超8%，股价首次突破300港元，续创历史 新高，市值突破4000亿港元。 | 分时 多日 1分 5分 15分 30分 60分 日 周 月 更多 | F9 盘前盘后 叠加 九转 画线 工具 & | 0 | 9992 | 泡泡玛特 | 9992[泡泡玛特] 11:32 价 298.000 涨跌 17.200(6.13%) 均价 288.868 成交量 6.74万 成交金额 1947万 | 278.273(CNY) | 2025/08/20 | 304.200 | 305.000 | +23.400 +8.33 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Win.d人气榜 第2名 | HKEX HKD 11:46:54 | 通/口 | 300.967 | 36.430(+0.14%) U/H:-6.53% | 7.18% | 美(PMRT ...

Core Viewpoint - Pop Mart's stock price surged over 8%, surpassing 300 HKD for the first time, with a market capitalization exceeding 400 billion HKD [1] Financial Performance - For the first half of 2025, Pop Mart reported revenue of 13.876 billion RMB, a year-on-year increase of 204.4% [4][5] - Gross profit reached 9.761 billion RMB, up 234.4% year-on-year [5] - Operating profit was 6.044 billion RMB, reflecting a 436.5% increase [5] - Profit attributable to the company's owners was 4.574 billion RMB, a 396.5% rise compared to the previous year [4][5] - Basic earnings per share were 344.17 RMB, up 395.3% [5] Product and IP Contribution - Plush products generated revenue of 6.139 billion RMB, a staggering increase of 1276.2%, accounting for 44.2% of total revenue [6] - The LABUBU IP from THE MONSTERS contributed 4.81 billion RMB, representing 34.7% of total revenue [6] Supply Chain and Production Capacity - The production capacity for plush toys has increased to approximately 30 million units per month, over ten times the capacity from the same period last year [4] Future Growth and Expansion - The company aims for revenue of 20 billion RMB this year, with expectations to easily reach 30 billion RMB [3] - Pop Mart plans to expand its presence in regions such as the Middle East, South Asia, Central and South America, and Russia, while also increasing flagship and travel retail stores in major cities [8] - As of now, Pop Mart has 140 overseas stores, with projections to exceed 200 by the end of the year [8] - Revenue from the Asia-Pacific region for the first half of 2025 was 2.85 billion RMB, up 257.8%, while revenue from the Americas reached 2.26 billion RMB, a 1142.3% increase [8]