On June 3, Pop Mart fell 3.29% in regular trading, trading at 172.1 HKD/share, with trading volume of HKD 891 million. The decline marks a notable reversal after the stock surged over 20% across the prior three trading sessions.

The recent rally was triggered by the disclosure that renowned investor Duan Yongping increased his stake in Pop Mart to 5.69% through H&H International Investment at an average price of HKD 150 per share, becoming the company's second-largest shareholder with a position valued at over HKD 11.7 billion. On May 29, the stock surged as much as 12% intraday following the news.

However, multiple investment banks have recently cut their target prices and ratings on the company. Management has designated this year as an overseas adjustment year, with market consensus for full-year revenue growth broadly lowered to approximately 15%. Profit-taking pressure from the rapid run-up, combined with short-seller activity, has intensified selling. Analysts note that while Duan Yongping's endorsement provided a powerful short-term catalyst, the stock now faces a recalibration as investors weigh slowing overseas momentum and elevated valuation multiples against the longer-term growth narrative.

(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.)