Chinese toy titan Pop Mart (9992) said its first-half net profit skyrocketed nearly four times, as 13 artistic intellectual properties generated revenue exceeding 100 million yuan (HK$108.6 million).
No dividend has been declared.
The maker of global hit Labubu reported a net profit of around 4.6 billion yuan, 3.97 times more than the same period last year, while adjusted net profit recorded 4.71 billion yuan, marking a growth of 3.63 times.
During the period, revenue surged 2.04 times to 13.88 billion yuan.
Gross profit margin jumped to 70.3 percent from 64 percent for the first half of 2024, primarily driven by growing proportion of overseas sales.
Business in Asia Pacific and the Americas recorded a revenue of 2.85 billion yuan and 2.27 billion yuan, respectively, 258 and 1,142 percent higher from a year ago.
Sales in the Chinese market contributed 8.28 billion yuan, a year-on-year increase of 135 percent.
During the first half, the Monster Series, featuring Labubu, generated 4.81 billion yuan in revenue.
Other hot IPs – Molly, Skullpanda, Crybaby, and Dimoo – recorded revenues of 1.4 billion yuan, 1.2 billion yuan, 1.2 billion yuan, and 1.1 billion yuan, respectively.
STAFF REPORTER
