Pop Mart Nearly Triples Profit as Sales Soar

Published on 03/26/2025 at 01:03 - Modified on 03/26/2025 at 06:55

Dow Jones

-1.84%

By Kimberley Kao

Chinese toy maker Pop Mart posted sharply higher annual profit as revenue surged due to strong sales growth and said it will continue its overseas expansion.

The Beijing-based company said Wednesday that its net profit nearly tripled to 3.125 billion yuan last year, equivalent to $430.6 million. Total revenue more than doubled to 13.04 billion yuan.

Sales from Hong Kong, Macau, Taiwan and overseas markets rose nearly fivefold, accounting for 38.9% of its total revenue. Sales across all channels in China rose 52%.

The company said it will continue to expand its global business footprint, focusing on the North American, Southeast Asian and European markets.

The toy maker's sales from Douyin, the Chinese version of TikTok, doubled from the previous year, supported by robust online sales growth. Douyin has become a popular online-shopping platform in China, thanks to its livestreaming channel.

Pop Mart is also known for its popular intellectual property. In 2025, the company hopes to boost users' brand loyalty to its products and maintain competitiveness.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

03-26-25 0103ET

Latest news about Pop Mart International Group Limited

China's Venture Capital Firms Eye $2 Billion in Foreign Investment	Jul. 18	MT
Nomura Adjusts Pop Mart International Group's Price Target to HK$330 From HK$291, Keeps at Buy	Jul. 16	MT
Jefferies Adjusts Pop Mart International Group's Price Target to HK$315.20 From HK$203, Keeps at Buy	Jul. 16	MT
Labubu Maker's Shares Fall as Investors Ramp Up Profit-Taking	Jul. 16	DJ
Pop Mart Expects At Least 350% Surge in H1 Profit; Revenue to More Than Triple	Jul. 15	MT
Pop Mart International sees revenue to increase by no less than 200% for HY	Jul. 15	RE
Pop Mart International Group Limited Provides Earning Guidance for the Six Months Ended 30 June 2025	Jul. 15	CI
New purchases in the Asia Investor portfolio	Jul. 10
Chinese Fund Manager Sees 24% Returns After Dumping Alcoholic Beverage Stocks for Labubu Maker Pop Mart	Jun. 30	MT
Nomura Adjusts Pop Mart International Group's Price Target to HK$291 From HK$204, Keeps at Buy	Jun. 24	MT
Pop Mart Closes 4% Lower Amid Price Plunge of Labubu Toys in Second-Hand Market	Jun. 20	MT
Hong Kong Stocks Rebound; Pop Mart Sinks on 'Blind Box' Oversight Fears	Jun. 20	MT
HK stocks log worst week since April as absence of fresh stimulus weighs	Jun. 20	RE
Pop Mart Falls 5% After China State Media Calls for Stricter Oversight of Blind-Box Toys	Jun. 20	MT
Labubu Maker's Shares Drop as Chinese State Media Signal Tighter Scrutiny	Jun. 20	DJ
Hong Kong stocks set for biggest weekly loss since April on trade, Mideast jitters	Jun. 20	RE
New purchase in the Asia Investor portfolio	Jun. 12
Miniso Hires JPMorgan, UBS for Top Toy's Hong Kong IPO	Jun. 04	MT
Pop Mart Gains Traction in Middle East	May. 28	MT
China stocks close flat on cautious sentiment, HK shares fall	May. 28	RE
China stocks steady on cautious sentiment, HK shares fall	May. 28	RE
Pop Mart's Market Cap Tops HK$300 Billion	May. 26	MT
Pop Mart: a success story in the making	May. 05
Pop Mart App Tops Apple's US App Store Shopping Category on Friday on Surge of Labubu Dolls	Apr. 29	MT
Chinese Mutual Fund Holdings in Tencent Outshine CATL	Apr. 24	MT