On June 30, Pop Mart fell 3.03% in regular trading, trading at 154.0 HKD/share, with turnover of HKD 693 million.

On the news front, the company's flagship IP LABUBU \"Retro Barber Shop\" series, launched on June 25, saw multiple regular models rapidly break below the 159 RMB issue price, with some dropping to around 100 RMB within 30 minutes — a decline exceeding 30%. This stands in stark contrast to the previously dominant trend of across-the-board premiums. Additionally, secondary market prices for the LABUBU series continue to retreat, with certain hidden models plunging from peaks of over 4,500 RMB to approximately 600 RMB.

Meanwhile, Deutsche Bank maintains a \"Sell\" rating on the stock with a target price of 140 HKD, citing year-on-year negative growth in May online sales in China and projecting that both domestic and overseas markets will enter a more pronounced downcycle in the second half of the year. Market concerns over IP aesthetic fatigue and over-reliance on a single blockbuster continue to exert selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)