The shares of Pop Mart, a Chinese toy manufacturer, experienced an 11% rise after CEO Wang Ning revealed the imminent launch of Mini Labubu dolls. This news is interpreted as an indicator of promising growth prospects for the business.

Bloomberg reported on the 20th (local time) that during the earnings presentation, Wang expressed confidence in Pop Mart surpassing its yearly revenue target. This statement coincided with plans to introduce the new Mini Labubu doll line.

Photo: Reuters

After the announcement, Pop Mart's stock price escalated to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This rise was the most significant single-day increase in four months, marking a peak since the company's IPO in December 2020.

Wang highlighted the enthusiasm surrounding Labubu collectibles globally, admitting that he underestimated the company's revenue growth. Initially, the company set a goal of CNY 20 billion (about ₩3.89 trillion) for the year, but now CNY 30 billion (roughly ₩5.84 trillion) seems within reach. He also mentioned that the Mini Labubu dolls might be available as early as this week.

The positive reaction from investors underscores the rising interest in Pop Mart's collectible items and hints at the potential for further international growth.