Hong Hao, Managing Partner, CIO at Lotus Asset Management, talks about where he's seeing opportunities in the China markets: biotech, bubble tea, and Pop Mart.
BEIJING , March 27, 2025 /PRNewswire/ -- On March 26, POP MART International Group (HKG:9992, "POP MART" or "the Company") unveils its financial results for the full year of 2024. The report reveals that POP MART achieved a revenue of 13.04 billion RMB, showing a year-on-year increase of 106.9%, and an adjusted net profit of 3.4 billion RMB, up 185.9% from the previous year.
Chinese toy maker Pop Mart's shares continued to rally after its 2024 profit nearly tripled and as the craze for collectable toys led to stronger-than-expected guidance from management.