Wang Ning, Chairman and CEO of Pop Mart, expressed confidence during the company's earnings briefing that the group's revenue for 2025 will reach RMB 20 billion, marking a year-on-year growth of over 50%. He also projected that sales from overseas and Hong Kong, Macao, and Taiwan markets will exceed RMB 10 billion, representing an annual growth of over 100%.
He stated the company aims to steadily progress from RMB 10 billion to RMB 100 billion in revenue in the future.
Pop Mart's stock price surged more than 10% today (March 26), closing at HK$140.7.
Wang also highlighted that the North American market in 2025 could achieve the group's 2020 sales figures. According to past performance, Pop Mart recorded revenue of RMB 2.513 billion in 2020.
The company announced its 2024 financial results this afternoon, reporting an adjusted net profit of RMB 3.4 billion, a 186% year-on-year increase. Total revenue rose 107% year-on-year to RMB 13.04 billion, with the mainland contributing RMB 7.97 billion, up 52% year-on-year. Revenue from overseas and HK, Macao, and Taiwan markets reached RMB 5.07 billion, soaring 375% year-on-year and accounting for approximately 39% of total revenue.
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