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POP MART Drops Another 10% in Early Trading to 11-Mth Low; Wang Ning Aims for Min. 20% Growth This Yr, Likens Labubu's Value to Gold Mine
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With market concerns over POP MART (09992.HK)'s overreliance on Labubu's IP for its revenue, the worse-than-expected Labubu revenue resulted in a nosedive of 22.5% in POP MART's share price amid yesterday's (25th) heavy trading. This morning (26th), POP MART opened down 1.4% at HKD165.9 and once sank by 10.8% to an over 11-month low of HKD150.2 since mid-April 2025. It last traded at HKD151.1, down 10.22%, with a volume of 41.4241 million shares, involving HKD6.463 billion. POP MART Chairman and CEO Wang Ning stated at the earnings conference that the company aims for sustainable and healthy growth with a target of no less than 20% growth rate this year. He also revealed that small appliances centered around the company's IPs under the collaboration with platforms like JD-SW (09618.HK) will be launched next month. Regarding last year's Labubu popularity, Wang likened Labubu's value to a gold mine, believing that the value extraction has just begun. That said, he stressed that POP MART's business is not just about Labubu, and the company's performance remained impressive even without the Labubu-driven growth. AAStocks Financial News |
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