HK Stock Market Move | POP MART (09992) soared more than 6%, breaking its record high again. The company's pure profit for the whole year increased by nearly 1.9 times year-on-year. The company expects sales growth to reach 50% by 2025.

POP MART (09992) rose by over 6%, reaching a high of 150.8 Hong Kong dollars, hitting a new high since its listing. The stock price has risen by over 60% so far this year. At the time of writing, it has risen by 6.11%, closing at 149.3 Hong Kong dollars, with a trading volume of 8.18 billion Hong Kong dollars. In terms of news, POP MART announced its performance for the year 2024, with revenue of 13.038 billion yuan, a year-on-year increase of 106.92%; gross profit of 8.708 billion yuan, a year-on-year increase of 125.4%; net profit attributable to shareholders of 3.125 billion yuan, a year-on-year increase of 188.77%; basic earnings per share of 2.36 yuan; proposing a final dividend of 81.46 cents per share, compared to 28.21 cents in the same period last year, an increase of nearly 1.9 times. In 2024, POP MART's mainland China business revenue was 7.97 billion yuan, a year-on-year increase of 52.3%; at the same time, the group increased its efforts in expanding international markets and deepening its localization operation strategy, resulting in rapid growth in Hong Kong, Macao, Taiwan, and overseas businesses, with revenue reaching 5.066 billion yuan, a year-on-year increase of 375.2%, accounting for 38.9% of the total revenue. At the performance presentation, POP MART mentioned that its core strategy for 2024 is internationalization, with expected sales growth rate of 50% in 2025, and overseas revenue accounting for over 50%. The company plans to open 100 overseas stores and improve store quality. In addition, the company expressed confidence in the sales growth rate of 50% in 2025, with overseas sales expected to exceed 100% this year, becoming the core business driving force. This year may exceed 20 billion in revenue, with the group exceeding 10 billion last year, hoping for overseas sales to exceed 10 billion this year. They hope to focus on deeper cultivation in more regions.