The shares of Pop Mart, a Chinese toy manufacturer, experienced an 11% rise following an announcement by CEO Wang Ning about the impending launch of mini Labubu dolls. This suggests a promising outlook for the company's growth trajectory.

As reported by Bloomberg on the 20th (local time), Wang revealed during the earnings presentation that Pop Mart is poised to surpass its yearly revenue projections, with the introduction of the new mini Labubu doll series being a key initiative.

Photo: Reuters

As a result of this announcement, Pop Mart's stock price surged to HK$310.60 (about ₩55,706) on the Hong Kong Stock Exchange. This marked the most significant single-day increase in four months and set a new peak since the company went public in December 2020.

Wang remarked, "With the worldwide enthusiasm for Labubu collectibles, I couldn't precisely anticipate our revenue growth. Earlier this year, we set a target of CNY 20 billion (around ₩3.89 trillion) for annual revenue, but achieving CNY 30 billion (approximately ₩5.84 trillion) now seems well within reach." He also mentioned that the mini Labubu dolls might be released as soon as this week.

The positive reaction from investors indicates rising interest in Pop Mart's collectible items and highlights the company's capabilities for further expansion on an international scale.