Following the announcement by CEO Wang Ning regarding Pop Mart's plans to introduce the mini Labubu dolls, the Chinese toy company's stock surged by 11%. This development suggests promising growth opportunities for Pop Mart.

Bloomberg reported on the 20th (local time) that during the earnings report, CEO Wang expressed optimism that Pop Mart might surpass its annual revenue projections with the introduction of the mini Labubu doll series.

Photo: Reuters

After the announcement, Pop Mart's stock price increased significantly to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This surge represents the largest single-day increase in four months and sets a new high since the company's IPO in December 2020.

Wang remarked, "With the global demand for Labubu collectibles, even I did not foresee the extent of our revenue growth. Initially, we targeted CNY 20 billion (around ₩3.89 trillion) for the year, but now achieving CNY 30 billion (around ₩5.84 trillion) seems feasible." He also mentioned that the mini Labubu dolls might be launched as soon as this week.

The enthusiastic reaction from investors indicates a rising interest in Pop Mart's collectibles and signals potential for further international expansion.