New consumer concept stocks in the Hong Kong market advanced during the afternoon trading session. Pop Mart rose more than 7%, while Lao Feng Xiang Gold gained over 5%. Buluke increased by more than 4%, and Mingminghenmang as well as MINISO both saw increases exceeding 2%.

On the news front, Wang Ning, the founder of Pop Mart, recently announced key 2025 data at the company's annual meeting. The figures revealed that Pop Mart now has over 10,000 global employees, more than 100 million registered members, annual sales of LABUBU exceeding 100 million units, and total sales across all product categories and IPs surpassing 400 million units. The company's business spans over 100 countries and regions, with more than 700 global stores and six major supply chain bases. Huaxi Securities noted that the annual meeting reviewed key breakthroughs and highlights from 2025 and outlined a clearer direction and vision for the upcoming year of 2026. Recent strong performances from several new products both domestically and overseas are expected to contribute to a positive start for the company's performance in the new year, with long-term commercial value seen in its IP operation platform.