The share price of Pop Mart, a prominent Chinese toy manufacturer, experienced an 11% increase following CEO Wang Ning's disclosure about the impending launch of Mini Labubu dolls. This development indicates promising growth opportunities for the enterprise.

As reported by Bloomberg on the 20th of this month, during an earnings briefing, CEO Wang expressed confidence that Pop Mart might surpass its projected annual revenue, coinciding with the planned introduction of the new Mini Labubu doll collection.

Photo: Reuters

In response to the announcement, the stock price of Pop Mart surged to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This represents the most significant single-day increase in four months and marks a peak since the company's initial public offering in December 2020.

Wang noted, "With the increasing global demand for Labubu collectibles, even I underestimated our revenue growth trajectory. Initially, we targeted an annual revenue of CNY 20 billion (approximately ₩3.89 trillion), yet achieving CNY 30 billion (approximately ₩5.84 trillion) now appears attainable." He further mentioned that the Mini Labubu dolls might be launched as soon as this week.

The enthusiastic reaction from investors underscores the burgeoning interest in Pop Mart's collectibles and highlights the potential for further international market expansion.