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Pop Mart's market capitalization approaches 400 billion, setting a new historical high, and the company will soon release a mini version of LABUBU.
PANews, August 20 news, Pop Mart has risen nearly 6%, with its stock price breaking 298 HKD, approaching 300 HKD, and its market capitalization nearing 400 billion, setting a historical high; CEO Wang Ning stated at the earnings release conference that he hopes to achieve 20 billion RMB in revenue this year, feeling that reaching 30 billion RMB this year is quite easy; and the company will soon launch a mini version of LABUBU; the company expects a net profit margin of about 35% this year.