Pop Mart's adjusted net profit in the first half of the year was 1.02 billion, a year-on-year increase of 90%
Posted: Sun Dec 22, 2024 10:29 am
According to the report, Pop Mart achieved revenue of 4.56 billion yuan in the first half of the year, a year-on-year increase of 62.0%; adjusted net profit was 1.02 billion yuan, a year-on-year increase of 90.1%.
In terms of market distribution, the Chinese mainland market cell phone number list philippines contributed 3.21 billion yuan in revenue, a year-on-year increase of 31.5%. The Hong Kong, Macao, Taiwan and overseas markets achieved 1.35 billion yuan in revenue, a year-on-year increase of 259.6%, accounting for 29.7% of the total revenue.
Pop Mart mentioned in the report that the company plans to continue to strengthen brand building and product innovation to better meet consumer needs. In addition, the company also plans to actively expand overseas markets to increase its market share worldwide.
At the same time, the platform continues to deepen cooperation with nearly 200 brands in the field of customized products, providing users with more cost-effective and differentiated wearable product options. In the second quarter, the GMV of customized products increased by more than 140% year-on-year, and the repurchase rate was higher than that of similar products. From the perspective of the proportion of purchasing users, the attractiveness of customized products to high-value users has increased significantly.
With the increasing variety of brands and products on the platform, in the second quarter of this year, the overall performance of Super Brand Day and Super Category Day increased by more than 49% year-on-year, and sales of seasonal trend products such as outdoor sports apparel and equipment and new Chinese-style clothing grew rapidly.
In terms of market distribution, the Chinese mainland market cell phone number list philippines contributed 3.21 billion yuan in revenue, a year-on-year increase of 31.5%. The Hong Kong, Macao, Taiwan and overseas markets achieved 1.35 billion yuan in revenue, a year-on-year increase of 259.6%, accounting for 29.7% of the total revenue.
Pop Mart mentioned in the report that the company plans to continue to strengthen brand building and product innovation to better meet consumer needs. In addition, the company also plans to actively expand overseas markets to increase its market share worldwide.
At the same time, the platform continues to deepen cooperation with nearly 200 brands in the field of customized products, providing users with more cost-effective and differentiated wearable product options. In the second quarter, the GMV of customized products increased by more than 140% year-on-year, and the repurchase rate was higher than that of similar products. From the perspective of the proportion of purchasing users, the attractiveness of customized products to high-value users has increased significantly.
With the increasing variety of brands and products on the platform, in the second quarter of this year, the overall performance of Super Brand Day and Super Category Day increased by more than 49% year-on-year, and sales of seasonal trend products such as outdoor sports apparel and equipment and new Chinese-style clothing grew rapidly.