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POP MART: Soaring Raw Material Costs Expected to Trim Overall GM by 0.5 ppts
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Management of POP MART (09992.HK) stated during the 1Q business update conference call that prices of raw materials such as PVC, fabrics and packaging have escalated by varying degrees, amid the international macro environment, thus shoring up the production costs of the company's newly launched products, Chinese media reported. Based on current procurement and production conditions, raw material costs are expected to hike by 3-5 ppts compared with the same period last year, whereas the company's overall gross margin is projected to sink by approximately 0.5 ppts, the management indicated. POP MART's share price ascended before giving back the gains. This morning (13th), it peaked at HKD171 and last quoted at HKD157.4, down 3.38%, with 18.879 million shares traded, involving HKD3.054 billion in turnover. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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