Pop Mart 9992

[behappyalways]

Pop Mart: China's mystery toymaker becomes multi-billionaire

Source: BBC

https://www.bbc.com/news/business-55269779

[winston]

not vested

Pop Mart shares pop as profit nearly triples

Net profit of 3.13 billion yuan (HK$3.35 billion) last year, up 189 percent from 2023.

Revenue projected to increase by more than 50 percent, surpassing 20 billion yuan in sales.

Revenue in 2024 amounted to 13.04 billion yuan, up 107 percent year-on-year.

Specifically, mainland business contributed to revenue of 7.97 billion yuan, marking a growth of 52.3 percent, while turnover from Hong Kong, Macau and other markets surged 3.75 times to 5.07 billion yuan.

Gross profit margin stood at 66.8 percent, an increase of 5.5 percentage points year-on-year.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... ly-triples

[winston]

not vested

Pop Mart eyes bigger footprint worldwide

Pop Mart International Group Ltd expects annual revenue to reach 20 billion yuan ($2.75 billion) in 2025, reflecting a 50 percent year-on-year rise, and anticipates growth in overseas markets to exceed 10 billion yuan.

Strong performance for 2024, with revenue up 106.9 percent to 13 billion yuan and net profit surging 185.9 percent to 3.4 billion yuan.

Source: China Daily

https://www.thestar.com.my/business/bus ... -worldwide

[winston]

not vested

Labubu craze accelerates Pop Mart’s global ambitions

On April 25, Pop Mart’s official app soared 114 spots in the US App Store, achieving fourth place in the overall category and top spot in shopping.

Labubu’s remarkable success last year propelled The Monsters’ revenue to three billion yuan or about US$415.3mil, a 726.6% increase compared with the previous year.

The franchise now constitutes 23.3% of the company’s total revenue, making it Pop Mart’s largest IP.

Year-on-year revenue growth of between 165% and 170%.

Revenue breakdown shows that in the first quarter, while domestic sales in China grew by between 95% and 100%, international sales soared by between 475% and 480%, with North America experiencing an eye-popping 895% to 900% increase.

North America reaching 2.5 billion yuan in revenue, matching the group’s total in 2020.

The company forecasts its revenue this year to grow more than 50% year-on-year, exceeding 20 billion yuan.

Its overseas revenue is expected to grow 100% this year to reach more than 10 billion yuan.

Source: China Daily

https://www.thestar.com.my/business/bus ... -ambitions

[winston]

not vested

<Research>G Sachs Adds POP MART's TP to $151, Lifts Earnings Forecasts by 14-17%

2025/04/28

According to a report issued by Goldman Sachs last Tuesday (22nd), POP MART (09992.HK) 's 1Q25 results delivered a positive performance.

Considering the YTD fluctuation in consumer sentiment, the strong growth in the offline market was a pleasant surprise.

With robust momentum in the sales of IP products, the visibility for the 2Q growth is expected to be relatively clearer, and the launch of new products will become a catalyst.

Goldman Sachs raised its 2025-27 earnings forecasts for POP MART by 14-17% accordingly.

Based on valuation, the broker kept a Neutral rating on the company and raised its price target from $132 to $151.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

not vested

<Research>M Stanley Elevates POP MART (09992.HK) TP to $224 as Labubu Drives New Store Openings

Morgan Stanley issued a research report raising its 2025-2027 sales and adjusted net profit forecasts for POP MART (09992.HK) by 5-9%, and expecting YoY increases of 98%/ 1.14x each for this year.

Due to strong global demand for Labubu v3, especially in the US, it will drive new store openings and be a key growth factor for 2025-2026, the broker noted.

Therefore, Morgan Stanley elevated its target price from $204 to $224, with rating at Overweight.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Leading IP-centric company, from China to the world

We believe China’s IP licensing market has large TAM, driven by higher penetration rate, increasing per capita consumption and expansion of overseas markets.

Pop Mart is transforming from a toy retailer to an IP-centric platform.

We expect domestic revenue to rise by 38%/17%/11% in FY25/26/27F.

We forecast its overseas revenue to achieve a 68% FY24-27F sales CAGR, with strong growth in Asia and faster growth in the US and EU markets.

We believe the impact of US tariffs will be limited, helped by price hikes in the US market and supply chain shifting to a factory in Vietnam.

We initiate coverage on Pop Mart with an Add rating.

We use a target PEG-based valuation to derive a target price of HK$249.6, based on 1.2x of FY25F PEG.

Source: CGS

https://rfs.cgsi.com/api/download?file= ... 670404B62A

[winston]

not vested

This gremlin-looking toy from China is proving to be tariff-proof

Labubus generated 3 billion yuan ($410 million) of Pop Mart’s 13.04 billion yuan ($1.8 billion) in revenue.

Pop Mart’s revenue outside China skyrocketed 375.2% to 5.07 billion yuan ($703 million) in 2024.

Pop Mart’s revenue in America grew between 895% to 900% last year.

There’s Baby Molly, Crybaby, Dimoo, Pucky and at least 30 more on the company’s US website.

Source: CNN

https://edition.cnn.com/2025/05/17/busi ... 7775298543

[winston]

Labubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage

by Bryan Cheong

Pop Mart’s management said it will focus on expanding to the US and Europe markets, versus South-east Asia in 2024. It plans to open 100 new stores in overseas markets.

Pop Mart has a higher penetration rate in East Asia with 49 retail stores, compared with 20 in the US and 15 in Europe in 2024. CGSI estimates the company has potential to reach a total of 350 overseas stores by FY2027.

Source: Business Times

https://www.businesstimes.com.sg/singap ... s-coverage

[winston]

not vested

Labubu collector describes ‘battlefield’ as toys pulled from shops in Britain

Pop Mart announced it would be pulling all of its Labubu plushies from its 16 UK stores until June over safety concerns.

The toy makers wanted to "ensure the safety and comfort of everyone” following reports of customers fighting over them and queuing overnight outside shops.

The toys’ popularity began in 2024 after K-Pop star Lisa from girl group Blackpink shared a photo on social media of her with one, with other celebrities such as Rihanna and Dua Lipa following suit.

Part of its appeal may come down to Pop Mart’s decision to sell the toys in blind boxes, which contain a random plushy chosen from the series, meaning customers do not know which toy they will receive until they open the box.

Source: AP

https://www.thestar.com.my/lifestyle/li ... in-britain