Pop Mart International Group Ltd Ordinary Shares

09992: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Pop Mart Earnings: Fair Value Reduced by 4% on Dimmer Revenue Growth Prospect; Shares Attractive

Jeff Zhang

Mar 25, 2026

Pop Mart's 2025 revenue and operating profit grew 185% and 207% year on year, respectively, with margin improvement driven by higher selling prices overseas. However, the shares fell 20% amid concerns over slower expansion after management issued guidance for just over 20% top-line growth in 2026.

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Pop Mart International Group Ltd Ordinary Shares

Pop Mart Earnings: Fair Value Reduced by 4% on Dimmer Revenue Growth Prospect; Shares Attractive

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