律动BlockBeats|Oct 27, 2026 08:58
[Pop Mart's Q3 Overall Revenue Drops 45%-50% YoY; Duan Yongping Previously Stated He Would Continue to Increase Holdings]
According to BlockBeats' report on October 27th, Pop Mart (09992.HK) announced that its overall revenue (unaudited) for the third quarter of 2026 decreased by 45%-50% year-on-year compared to the third quarter of 2025. Specifically, revenue in China decreased by 25%-30% year-on-year, Asia-Pacific revenue decreased by 65%-70%, Americas revenue decreased by 70%-75%, and revenue in Europe and other regions decreased by 50%-55%. Revenue from offline channels in China decreased by 5%-10% year-on-year, and revenue from online channels decreased by 45%-50% year-on-year.
Pop Mart's Hong Kong stock closed down 0.75% today, with its market capitalization falling to HK$1757.9 billion.
BlockBeats previously reported that on October 21, a netizen inquired about investments in Pop Mart with Duan Yongping. Duan Yongping responded, "I will probably buy some more, but it won't exceed 10% of the company's shares." Duan Yongping had previously given investment advice to investors with HK$40 million in assets on the Xueqiu platform: 50% in Moutai and 50% in Pop Mart, hold firmly.
On August 20, according to disclosures by the Hong Kong Stock Exchange, H&H International Investment, LLC, managed by Duan Yongping, increased its stake in Pop Mart's H shares from 5.55% to 7.70% on August 6.
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