$POP MART(09992)$ announced its full-year results for FY24 at noon on March 26, demonstrating "both internal and external cultivation" to be the best among Chinese companies. 2024 has verified the triple logic of "globalization expansion + IP iteration + operational leverage".Overall, 2024 verified the triple logic of "globalization expansion + IP iteration + operation leverage", and the performance exceeded expectations:Overseas outbreak: localized operation ability breaks through the regional ceiling, overseas cultural output opens the second growth curve, and domestic refined operation is a hedge against weak consumption.IP vitality: new and old IP synergize, product structure upgrades to high gross profit, scale effect releases profit elastic
Labubu Surpasses Molly! Which of Pop Mart's 5 Major IPs is Your Favorite?
After Pop Mart's release of its H2 2024 earnings, both revenue and profits exceeded expectations, with the stock rising 10.87%, hitting a new all-time high. The "Monsters" series surpassed Molly to become the top IP, accounting for nearly 30%. Plush toys saw a significant increase in their share, rising from less than 10% in the first half to 30%. ------------ With new IPs rising, which one is your favorite? Are you a fan of labubu or molly? Do you like the new IPs like Hirono or Crybaby?
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