25Q1 营收增速优于市场预期，同增165%-170%。泡泡玛特公布2025 年一季度最新业务状况，25Q1 营收同比增长165%-170%，优于市场预期，其中，中国区收益同比增长95%-100%，海外收益同比增长475%-480%。收益分渠道看，公司线上、线下渠道均实现较高增长，其中，线上同比增速达140%-145%，线下同比增速达85%-90%；收益分区域看，欧美区域成为海外增长的新引擎，其中...
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