Seven Labubu monsters appear during a June fashion photography meeting in Paris.
Edward Berthelot/Getty Images
Wang Ning, a billionaire founder of the Chinese Pop Mart International Group game manufacturer, said the company could easily reach 30 billion yuan ($ 4.2 billion) in sales this year after reporting its first half -year -olds. Labubu.
The 38 -year -old chairman and CEO made the promotion during a live flow conference, discussing the provisional results announced late Tuesday.
The company recorded in Hong Kong reported 13.9 billion yuan sales for the first six months of this year, up to 204.4% on a year, according to the Stock Exchange deposit. The profit attributed to shareholders increased by 397% to 4.6 billion yuan from the previous year.
Kenny Ng, Hong Kong -based title strategy at Everbright Securities International, tells WeChat that the results support Pop Mart’s assessment. Company shares increased over 6% from 11:30 am On Wednesday, bringing the year’s profits to a 227%dog. Wang, who is reaping his wealth from the company, is now 9 Chinath richest billionaire with a net value of $ 24.9 billion, according to The billionaire list in real time. Previously he was the 10th richest man in China.
The strong results that easily won the company’s views In JulyIt came as Pop Mart’s Labubu dolls attract a rapidly growing number of fans. With pointed ears, tooth teeth and a naughty smile, the rabbit game flies from the shelves of stores around the world and is collected from celebrities such as Rihanna, Kim Kardashian and Lisa from the K-Pop Blackpink team.
Led by Labubu, Pop Mart’s Monsters series was the top sales contributors, representing more than one -third of the company’s total revenue in the first half, according to the stock market deposit. Labubu ”went up to global ip [intellectual property] protrusion “and is” one of the most sought after IPs in the world in the first half of 2025, “the company wrote.
In a July interview With the official Xinhua news agency, Wang predicted faster growth abroad. He said sales from overseas markets would probably surpass China this year. In the first half, China represented 60% of the company’s total revenue, according to temporary results. America, including the US, was the fastest growing area with sales rising over 1,000% annually to 2.3 billion yuan in the first half.
Company executives said during the teleconference that Pop Mart was planning to open stores in the Middle East and Central Europe this year, bringing the total number of stores abroad to 200 out of current 140s.
