Pop Mart’s First Half Net Profit Surpasses Full-Year 2022, Overseas Business Earnings Revealed for the First Time

Aug 25, 2023

After the closing on August 22nd, Beijing-based art toy company Pop Mart (HK:9992) unveiled its performance for the first half of 2023. During this reporting period, driven by exceptional sales of multiple new products and continued overseas expansion, the revenue increased by 19.3% to 2.81 billion yuan, and the net profit surged by 43.2% to 477 million yuan, surpassing the full-year net profit of the previous year (476 million yuan). Among them, the year-on-year growth rate of the Hong Kong, Macau, Taiwan, and overseas business reached 139.8%, with a revenue share of 13.4% (first hal …