BLOKS (00325) fell more than 5%, marking a nearly 60% decline from its June peak. At the time of writing, the stock was down 5.19% to HKD 79.5, with a turnover of HKD 83.55 million and a total market capitalization below HKD 20 billion.

Financially, BLOKS reported revenue of RMB 1.338 billion in the first half of the year, up 27.9% year-on-year. Profit attributable to parent company shareholders reached RMB 296.5 million, reversing a loss of RMB 258 million in the same period last year. Adjusted net profit stood at RMB 320 million, a 9.6% increase.

According to industry analysis, the company commercialized 19 IPs in H1, expanding its total SKUs to 925, including 273 new additions. These cover popular franchises such as Hatsune Miku, Minions, Sanrio, Detective Conan, Sesame Street, Marvel, Pokémon, and Naruto. Additionally, BLOKS signed 13 new IP agreements.

Notably, the top four IPs contributed 83.1% of total revenue in H1, compared to 92.3% from the top three (Ultraman, Transformers, and Hero Infinite) in the prior-year period.