Jin10 data reported on July 16 that Citigroup published a research report indicating that Pop Mart (09992.HK) issued a profit warning yesterday, expecting mid-term revenue to rise over 200% year-on-year, with profit growth of at least 350% year-on-year, estimating net profit to exceed 4.17 billion yuan, with revenue exceeding 13.7 billion yuan, surpassing Citigroup and market expectations. Citigroup believes that the global recognition of IPs such as LABUBU continues to improve, driving Pop Mart’s second quarter performance significantly beyond expectations. Although the base is relatively high, it is expected that the growth momentum in the second half of the year will remain strong due to the continued popularity of IPs, overseas expansion, replenishment plans, and the launch of new products.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
