POP MART (09992) saw its shares rise more than 6%. At the time of writing, the stock was up 6.33% to HK$21.50, with a turnover of HK$2.325 billion. The company is scheduled to release its full-year results for the period ending December 31, 2025, this Wednesday, March 25. In February, the group disclosed that global sales of its full IP and full-category products exceeded 400 million units in 2025, with THE MONSTERS series surpassing 100 million units globally. Analysts at Shenwan Hongyuan believe the upcoming financial report may alleviate concerns over single-IP volatility. Growth drivers for 2026 include: 1) the ability to develop consistently popular IPs (such as SKULLPANDA) and products, maintaining high brand engagement among young consumers; 2) increased store density in North America and mainland China, driving organic traffic and growth; and 3) potential contributions from other categories such as co-branded products (e.g., the recent collaboration with Sanrio) and theme parks.