(原标题:【券商聚焦】国联民生证券:泡泡玛特(9992.HK)全球化IP生态驱动业绩高增长)金吾财讯|国联民生证券发布研报指,泡泡玛特(9992.HK)正从潮玩公司转型为全球化IP全产业链集团,核心IP Labubu通过家族化策略及分层供给实现健康增长,2025年全球营收达30亿元。公司已建立工业化IP孵化体系,新IP星星人2025年上半年营收3.9亿元,形成互补矩阵。 海外市场方面,北美采用集群...
Source Link(原标题:【券商聚焦】国联民生证券:泡泡玛特(9992.HK)全球化IP生态驱动业绩高增长)金吾财讯|国联民生证券发布研报指,泡泡玛特(9992.HK)正从潮玩公司转型为全球化IP全产业链集团,核心IP Labubu通过家族化策略及分层供给实现健康增长,2025年全球营收达30亿元。公司已建立工业化IP孵化体系,新IP星星人2025年上半年营收3.9亿元,形成互补矩阵。 海外市场方面,北美采用集群...
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