In a remarkable turn of events, the stock value of Pop Mart, a prominent Chinese toy manufacturer, experienced an impressive surge of 11%. This came on the heels of CEO Wang Ning's disclosure about the highly anticipated launch of the mini Labubu dolls, which has generated a wave of enthusiasm and predictions of robust growth for the company.

Bloomberg reported on the 20th (local time) that during an earnings presentation, Wang shared optimistic insights about Pop Mart's financial outlook, suggesting that the company is poised to surpass its annual revenue targets. This announcement coincided with the unveiling of plans to introduce the new mini Labubu doll series, a move that has captured the attention of investors.

Photo: Reuters

In the aftermath of this announcement, Pop Mart's stock saw a substantial rise, climbing to HK$310.60, which is approximately ₩55,706, on the Hong Kong Stock Exchange. This significant increase is the largest single-day gain the company has witnessed in four months, pushing the stock to its highest level since Pop Mart's initial public offering in December 2020.

Wang remarked, "With the global frenzy surrounding Labubu collectibles, even I underestimated our revenue trajectory. Initially, our goal was to achieve an annual income of CNY 20 billion, equivalent to approximately ₩3.89 trillion, but now reaching CNY 30 billion, which is about ₩5.84 trillion, seems within reach." He also hinted that the mini Labubu dolls might hit the market as soon as this week.

The enthusiastic response from investors highlights an increasing interest in Pop Mart's collectible offerings and the promising potential for further international market expansion.