汇丰研究发表研究报告指,泡泡玛特(09992.HK) 日前举行2026年度年会,管理层透露去年营收入录得近三倍按年增长,主要来自核心IP Labubu在全球市场都强劲增长所驱动。该行指出,Labubu成功进军毛绒玩具领域,显著放大其变现能力,并加快会员数量及每用户平均收入的提升。汇研估算即使撇除“The Monsters”系列后,公司2025年收入仍实现按年倍增,而剔除毛绒玩具的贡献后预测增长为约...
Source Link汇丰研究发表研究报告指,泡泡玛特(09992.HK) 日前举行2026年度年会,管理层透露去年营收入录得近三倍按年增长,主要来自核心IP Labubu在全球市场都强劲增长所驱动。该行指出,Labubu成功进军毛绒玩具领域,显著放大其变现能力,并加快会员数量及每用户平均收入的提升。汇研估算即使撇除“The Monsters”系列后,公司2025年收入仍实现按年倍增,而剔除毛绒玩具的贡献后预测增长为约...
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