POP MART Founder Wang Ning: Half-Year Report Full of Unexpected Surprises, LABUBU Becomes World-Class IP

Deep News
Aug 20

POP MART held its 2025 interim results conference in Hong Kong on the morning of August 20. Wang Ning, founder, chairman and CEO of POP MART, stated, "I'm delighted to meet with everyone in Hong Kong. Looking back at the past six months, it has been a very special period. I believe these six months truly reflect the results of our hard work, as well as many surprises we couldn't have imagined."

On August 19, POP MART International Group released its 2025 interim report. The financial results showed that POP MART achieved revenue of 13.88 billion yuan (RMB) in the first half of the year, representing a year-on-year increase of 204.4%, with adjusted net profit reaching 4.71 billion yuan, up 362.8% year-on-year. The company's half-year revenue exceeded 10 billion yuan, with net profit surpassing the full-year 2024 figure, setting new performance records for the group.

Wang Ning noted, "What's worth celebrating is not just our financial performance, but also the success of our global overseas expansion, the further development and improvement of our entire IP platform. Of course, there's also the well-known LABUBU, which has further expanded its reach and become a world-class IP."

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