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　　花旗发布研报称，泡泡玛特（09992）今年首季收入同比增长165%至170%，表现强劲，远胜增长逾一倍的指引，主要由于去年同期低基数，以及哪咤、Crybaby等系列新产品销售表现向好，推动中国市场同比增约一倍及海外市场增长约4.8倍。LABUBU第三代新产品系列将于近日在线上及线下发售，预期新产品推出将成为泡泡玛特的短期催化剂，给予“买入”评级，目标价162港元。

　　展望第二季，花旗预计泡泡玛特将加快供应链多元化，可能会上调产品售价格以应对美国市场关税增加的潜在影响，或会优先于其他市场拓展业务。

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