BUZZ-China's Pop Mart hits record high on Q1 revenue surge

Reuters
04-23
BUZZ-China's Pop Mart hits record high on Q1 revenue surge

** Pop Mart International Group 9992.HK jumps 6.9% to HK$188, highest since debuting in December 2020

** Stock on track for third straight session of gains

** Chinese pop toy products maker and supplier says overall Q1 2025 rev soars 165%-170% y/y; revenue from mainland China jumps 95%-100% and from overseas operations surges 475%-480%

** Citi retains "buy", saying co's Q1 revenue growth much better than its guidance of ~100% y/y

** Expects co to accelerate the diversification of its supply chain and raise prices to mitigate the potential impact of increased tariffs in U.S. or prioritize expansion in other markets in Q2

** Says new products roll-out could be short-term catalyst

** Stock more than doubles YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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