BLOKS (00325) climbed nearly 7% in morning trading. As of press time, the stock was up 5.21% at HK$67.7, with turnover of HK$24.3387 million.

On the news front, Wonder Festival 2026 Shanghai, China's largest and most professional figure and model exhibition, opened grandly from October 3 to 4. At this exhibition, BLOKS (00325) showcased nearly 500 products centered on its two core categories of "building block figures" and "building block vehicles," of which more than 90 were new products making their debut. These products comprehensively cover more than 10 globally renowned IPs, including Ultraman, Transformers, Saint Seiya, Neon Genesis Evangelion, DC, Kamen Rider, and Jurassic World.

Industrial Securities released a research report stating that BLOKS' prosperity trends across the two major dimensions of globalization and category expansion are being validated, while market expectations, attention, and valuation are all at relatively low levels. The company is expected to report net profit attributable to shareholders of RMB 825 million, RMB 1.041 billion, and RMB 1.316 billion for 2026-2028 respectively, corresponding to year-on-year growth rates of 30.1%, 26.2%, and 26.4%. The expected Non-GAAP PE ratios for 2026 and 2027 are 17.4x and 13.7x respectively. The report is bullish on the resonance of BLOKS' "earnings expectation upward revision plus valuation recovery."