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Suplay Inc.（临时代码）

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新闻资讯

“马墩墩”等奥运收藏卡新品首发，奥运冠军杨扬讲述卡牌的故事

Suplay冲击“卡牌第一股”：授权IP依赖症难解库存一年滞销价值“归零”？

Suplay急冲港股，卡游对赌时间告急

Suplay冲刺港股：成瘾隐忧之下，授权依赖如何破局？

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06:42","pubTimestamp":1769812920,"startTime":"0","endTime":"0","summary":"\n                                                北京2022马墩墩300%艺术收藏卡、北京2022冰墩墩生肖限定收藏卡等首次与公众见面。                                                [全文]\n","market":"sh","thumbnail":"https://media.bjnews.com.cn/fz/html/AttachPubDev/2026/1/jinyu12026131642222890104.jpg?x-oss-process=image/resize,m_lfit,w_365/quality,q_80","type":0,"news_type":0,"thumbnails":["https://media.bjnews.com.cn/fz/html/AttachPubDev/2026/1/jinyu12026131642222890104.jpg?x-oss-process=image/resize,m_lfit,w_365/quality,q_80"],"rights":{"source":"highlight_bjnews","url":"https://www.bjnews.com.cn/detail/1769812944169779.html","rn_cache_url":null,"customStyle":"handleCustomStyle(customStyle, ThemeStyle, getFont(fontSize))","selectors":"#main .nleft","filters":".ntit, 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11:45","pubTimestamp":1769053500,"startTime":"0","endTime":"0","summary":"　　卡游二次递表刚刚失效，Suplay便马不停蹄地奔赴港交所，竞逐“卡牌第一股”。　　高毛利、高净利，卡牌生意的“命门”在于授权IP。　　结合招股书披露的业务里程碑和财务数据不难看出，Suplay的业绩“起飞”与热门授权IP紧密相关。　　站在冲刺“卡牌第一股”的起跑线上，Suplay虽呈现高速增长，但其对授权IP的重度依赖、存货减值风险、以及IP协议集中到期等问题，仍是投资者关注的焦点。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/observe/2026-01-22/doc-inhicwux4811516.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["LU2463526074.USD","IE00B3T34201.USD","91331","BK4136","BK4585","LU1481600234.SGD","LU1169590202.USD","LU1487256676.USD","IP","LU1481599808.USD","LU1169589451.USD","BK4588"],"gpt_icon":0},{"id":"2605576117","title":"Suplay急冲港股，卡游对赌时间告急","url":"https://stock-news.laohu8.com/highlight/detail?id=2605576117","media":"蓝鲸财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2605576117?lang=zh_cn&edition=fundamental","pubTime":"2026-01-21 00:08","pubTimestamp":1768925317,"startTime":"0","endTime":"0","summary":"出品｜刻度财经卡游临期沉默，Suplay抢跑港股，卡牌资本暗战正酣。卡游上市难，Suplay冲击“中国卡牌第一股”自2024年1月首次递表以来，卡游再次折戟。反观赛道另一端，成立于2019年底的Suplay，在2026年1月1日递出了上市申请。Suplay的招股书，画出了一条差异化的生存路径。截至2024年，按GMV计算，Suplay已经坐稳了国内非对战收藏级卡牌细分领域的头把交椅。","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.lanjinger.com/d/1768803690235559197","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lanjinger_stock","symbols":["BK1610","02800","91331"],"gpt_icon":0},{"id":"2604922777","title":"Suplay冲刺港股：成瘾隐忧之下，授权依赖如何破局？","url":"https://stock-news.laohu8.com/highlight/detail?id=2604922777","media":"新京报","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2604922777?lang=zh_cn&edition=fundamental","pubTime":"2026-01-18 13:08","pubTimestamp":1768712880,"startTime":"0","endTime":"0","summary":"“谷子经济”热潮席卷年轻群体，卡牌赛道再迎IPO冲刺者。　　近日，手握故宫文化收藏卡、哈利·波特卡牌、水波蛋盲盒等爆款的卡牌公司Suplay正式向港交所递表，打响 2026年卡牌行业上市第一枪；随后，创投服务平台小饭桌创始人李晶官宣加盟，以集团联合创始人&CFO身份助力IPO，双重消息引发市场广泛关注。　　作为继卡游之后又一家冲击港股的卡牌企业，Suplay背靠“谷子经济”风口，携亮眼财务表现强势入局。Suplay此番上市攻坚战能否突围成功？","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"sina","url":"https://finance.sina.com.cn/jjxw/2026-01-18/doc-inhhtasx2152574.shtml","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.art_tit_h1{#titleStyle#}a{#lv2TextColor#}.art_time, .art_cite{#sourceStyle#;} .art_cite{margin-left: 3px;}","selectors":".module-article, article","filters":"header, .voice2, .tags, #norm_qrcode_link_auto, .unfold-box, 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