Ne Zha 2 is a 2019 fantasy adventure starring a safe deity from Chinese mythology. It had raked in more than 6.5 billion yuan ( US$ 892 million ) in ticket sales as of late Thursday ( Feb 6 ) and will be released in other countries including the US, Canada, Australia, and Singapore later this month.
Pop Mart’s stock fell 2.1 per share to HK$ 99.40 on Thursday, giving it a business value of HK$ 133.5 billion. However, they have risen 441 per share over the past 12 weeks as the “blind-box market” expanded, while the Hang Seng Index gained 28 per cent.
According to its stock exchange filing, Morgan Stanley anticipates a significant improvement in the company’s earnings this year after they increased by 70 % from a year earlier to 3 billion yuan in the first half of 2024. Income from outside China grew 260 per share to 13.5 billion rmb, or about 30 per cent of the full.
Pop Mart’s Ne Zha products are being sold on Xianyu, a second-hand commodities trading program, for as high as 180 yuan versus their wholesale price of 69 yuan. According to local media reports released on Thursday, Pop Mart has adjusted its manufacturing schedule to match requirement for its products.
After a fanciful passion last year, Labubu products are also in short supply. However, as Pop Mart increased manufacturing and enhanced model convenience, the prices have decreased.
” We see Labubu’s comfortable is still selling very well, with restocked materials gone quickly”, Morgan Stanley said. ” We are positive about]Pop Mart’s Lunar New Year ] profits in Asia”.
Pop Mart had 374 retail outlets and 2, 189 vending equipment in China as of June 2024, according to its time report. It even operated 85 shops and 143 vending equipment across Hong Kong, Macau, Taiwan and other overseas industry, more than double from a year earlier.
This content was first published on SCMP.