POP MART (09992) rose by over 9% in morning trading. As of the time of reporting, the stock price was up 9.35% to HKD 176.60, with a turnover of HKD 7.193 billion.

Huachuang Securities noted that the company's core intellectual properties maintain strong vitality. In the first quarter of 2026, the co-branded products featuring Labubu with Sanrio and Labubu with FIFA both delivered outstanding performance. The Starry People series achieved rapid growth, becoming a phenomenal IP in China and several Asian countries, once again validating the company's IP operational capabilities.