Recent social media speculation claimed that Wang Ning, Chairman and CEO of Pop Mart, issued an internal letter addressing the company's significant stock decline. The alleged letter stated that market sentiment is often temporary and does not fully reflect a company's intrinsic value, adding that such volatility could provide more room for steady development and allow the company to strengthen its foundation with reduced attention.

However, an informed source has denied these rumors, clarifying that no such internal letter was distributed.

It was reported that on March 25, Pop Mart released its 2025 annual report during trading hours, revealing total revenue of RMB 37.12 billion, a year-on-year increase of 184.7%, and an adjusted net profit of RMB 13.08 billion, up 284.5% compared to the previous year. Despite the strong earnings, Pop Mart's share price continued to fall following the report. The company has conducted share buybacks for three consecutive trading days since the latest financial results were announced. So far this year, Pop Mart has repurchased shares worth a total of HKD 1.4 billion.