An 11% increase in the stock price of Chinese toy manufacturer Pop Mart was observed following CEO Wang Ning's announcement about the forthcoming release of Mini Labubu dolls. This development suggests a positive trajectory for the company's growth potential.

On the 20th of the month, as reported by Bloomberg, CEO Wang Ning, during an earnings report, indicated that Pop Mart is on track to surpass its projected annual revenue, coupled with plans to introduce the new Mini Labubu doll series.

Photo: Reuters

Post-announcement, Pop Mart's stock reached HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This represents the most substantial single-day increase in the past four months and marks a peak since the company's IPO in December 2020.

Wang added, "In light of the international surge in demand for Labubu collectibles, the anticipated revenue increase was beyond early predictions. Originally, the target was CNY 20 billion (approximately ₩3.89 trillion) for the year, but achieving CNY 30 billion (approximately ₩5.84 trillion) now seems realistic." He also noted the Mini Labubu dolls might be available as soon as this week.

The market's robust response is indicative of heightened investor confidence in Pop Mart's collectibles and their potential for further expansion into international markets.