【9992】Pop Mart's stock price stops falling and rebounds 4%, spends nearly 600 million yuan on buybacks, and has fallen 30% over two days after earnings announcement

Pop Mart (09992)
Spending nearly 600 million yuan to buy back shares, Pop Mart’s stock price stabilized after a two-day decline of 30%. This morning, it rebounded by 4.1%, reaching a high of 156.9 yuan. Currently up 0.2%, trading at 151 yuan, with a turnover of 2.9 billion yuan.

Yesterday, Pop Mart repurchased a total of 3.94 million shares in the market at prices ranging from 148.4 yuan to 157.8 yuan, with an average price of 152.21 yuan, using nearly 600 million yuan.

In January this year, Pop Mart’s stock price continued to decline. On January 19 and January 21, it conducted two large-scale buybacks at prices between 177.7 to 181.2 yuan and 191.1 to 194.9 yuan, respectively. The total buyback amount was nearly 350 million yuan, which helped boost the stock price.

After releasing its earnings on January 25 (Wednesday), Pop Mart’s stock plunged 22.5%, closing at 168.3 yuan. On Thursday, it fell another 10%, closing at 150.7 yuan.

For the full year, the company’s attributable profit was 12.78 billion yuan (RMB), up 308.8% year-on-year. Basic earnings per share were 9.61 yuan, with a final dividend of 2.3817 yuan per share.

Source: Pop Mart Announcement

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