I am truly impressed by the amazing earnings results from Pop Mart. The company's revenue for the first half of 2025 reaching RMB 13.876 billion, with a staggering 204.4% year-on-year increase, is a testament to its explosive growth. This figure surpasses the earlier target of RMB 20 billion for the entire year, which Founder Wang Ning had set with confidence at the beginning of 2025, aiming for a 50% overall growth from last year's RMB 10 billion. The fact that he now believes RMB 30 billion is easily attainable this year speaks volumes about the company's momentum.
I find it particularly exciting that Pop Mart's stock surged more than 10% in a straight rally, hitting a record high. This kind of performance reflects strong investor confidence and market enthusiasm for the company's future. The rapid rise in stock value, especially with the mention of HK$300 potentially being just a starting point, suggests that the market sees significant potential in Pop Mart's ongoing expansion and profitability. It makes me wonder how sustainable this growth could be in the long term.
The growth statistics are mind-blowing, and I am curious about what drives such impressive numbers. The post indicates that Labubu, one of Pop Mart's key intellectual properties, accounts for only 34% of revenue. This diversification is a good signal to me, as it shows the company is not overly reliant on a single product. With other popular IPs like THE MONSTERS, MOLLY, SKULLPANDA, and CRYBABY contributing to the revenue stream, it seems Pop Mart has built a robust portfolio that can sustain and potentially accelerate this growth.
I am also intrigued by the question of whether this growth justifies the stock valuation. The post hints at a valuation reaching HK$300, which is substantial. Given the company's revenue and profit surges—204.4% revenue growth and an even more impressive profit increase implied by the record highs—it seems the market is pricing in high expectations. However, I would need to consider factors like market saturation, competition, and regulatory risks, which could influence whether this valuation holds or if it might be a bubble waiting to burst.
The international expansion appears to be a major factor in Pop Mart's success, and I find that aspect fascinating. The company has grown its presence to nearly 100 countries and regions, with overseas revenue showing remarkable increases in recent years. This global appeal, especially with products like Labubu gaining traction worldwide, suggests that Pop Mart is tapping into a growing demand for designer toys and collectibles, which could fuel further growth beyond the current targets.
Founder Wang Ning's confidence is inspiring to me. His initial projection of 50% growth has been exceeded in the first half alone, and his revised target of RMB 30 billion reflects a bold vision. This adaptability and optimism, combined with the company's strong performance, make me believe that Pop Mart is on a transformative path. It is exciting to think about how this could position them as a leader in the global toy and entertainment industry.
I am also interested in exploring the operational side of this success. The post mentions a straight rally and record highs, which could be driven by efficient management, innovative marketing, or the unique blind-box business model. The fact that profit growth seems to outpace revenue growth suggests strong cost management or high-margin products, which is a positive sign for the company's financial health. I would love to dig deeper into how they achieve such profitability.
Overall, I am amazed by Pop Mart's performance and see this as a new chapter for the company. The combination of record revenue, profit growth, and a rising stock valuation paints a picture of a company hitting its stride. While questions about valuation and future sustainability linger, the current trajectory is undeniably impressive. I look forward to seeing how they continue to evolve and whether they can maintain this momentum into the second half of 2025 and beyond.
As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.
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