In a significant market development, Pop Mart, a renowned Chinese toy manufacturer, witnessed its shares ascend by 11% following CEO Wang Ning's declaration about the forthcoming launch of the Mini Labubu dolls. This announcement has been interpreted as a signal of the robust growth trajectory anticipated for the company.

As reported by Bloomberg on the 20th of this month, during an earnings call, Wang highlighted that Pop Mart is on track to surpass its annual revenue projections. He disclosed plans to introduce a new series of Mini Labubu dolls, which is expected to bolster the company's market presence.

Photo: Reuters

Reacting to this exciting announcement, Pop Mart's stock leaped to HK$310.60, equivalent to approximately ₩55,706, on the Hong Kong Stock Exchange. This leap represents the most significant single-day increase observed in the past four months, achieving a record high since the company's initial public offering in December 2020.

Wang elaborated on the situation by saying, "With the global enthusiasm for Labubu collectibles reaching new heights, even I could not precisely forecast our revenue growth. Initially, we targeted an annual revenue of CNY 20 billion, or approximately ₩3.89 trillion, but now achieving CNY 30 billion, roughly ₩5.84 trillion, seems well within reach." He further revealed that the Mini Labubu dolls might hit the market as soon as this week.

This surge in investor interest underscores the increasing fascination with Pop Mart's collectible offerings and the promising prospects for the company's continued expansion on the international stage.