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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 rose nearly 6%, with its stock price breaking 298 Hong Kong dollars, approaching 300 Hong Kong dollars, and its market capitalization nearing 400 billion, setting a new historical high; CEO Wang Ning stated at the earnings release that he hopes to achieve 20 billion RMB in revenue this year, feeling that reaching 30 billion RMB this year is also quite easy; and the company will soon release a mini version of LABUBU; the company expects a net profit margin of around 35% this year.
LABUBU7.8%