Pop Mart's revenue grows triple-digit but stock price drops over 30%; repurchases shares worth 590 million

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[Caixin] On March 25, Pop Mart (09992.HK) released its full-year financial report for 2025, with annual revenue increasing by 184.7% and adjusted net profit rising by 284.5%. However, surprisingly, Pop Mart’s stock price plummeted sharply after the report was released, closing down 22.51% on the same day. On March 26, the stock price fell further by 10.46%; that afternoon, Pop Mart urgently intervened to stabilize the market, spending approximately HKD 600 million to repurchase 3.94 million shares, accounting for about 0.29% of the issued shares.

After the share buyback announcement was made on March 27, Pop Mart’s stock price rose slightly, up 0.2% at the time of writing, trading at HKD 151 per share, which is comparable to the level in April 2025.

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