The value of Chinese toy manufacturer Pop Mart's shares surged by 11% after CEO Wang Ning revealed plans to launch the Mini Labubu dolls, indicating robust growth potential for the enterprise.

As reported by Bloomberg on the local date of the 20th, Wang communicated during the earnings presentation that Pop Mart is poised to surpass its yearly revenue projections. Additionally, the firm intends to introduce the new Mini Labubu doll series.

Photo: Reuters

Post-announcement, Pop Mart's stock ascended to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange, representing the most significant single-day increase in four months and achieving a record high since the company's initial public offering in December 2020.

Wang remarked, "With the global demand for Labubu collectibles, even I could not precisely forecast our revenue trajectory. Initially, we projected annual revenue at CNY 20 billion (approximately ₩3.89 trillion), but now reaching CNY 30 billion (approximately ₩5.84 trillion) seems very feasible." He also noted that the Mini Labubu dolls might become available as soon as this week.

The robust investor interest underscores the growing popularity of Pop Mart's collectible products and the company's potential for sustained international expansion.