Summary by Moomoo AI
Pop Mart International Group Limited announced its interim performance for the six months ended June 30, 2024, with revenue reaching RMB 4557.8 million, a year-on-year increase of 62.0%. Gross profit and operating profit increased by 71.9% and 109.5% respectively, indicating strong business growth for the company. The net profit for the period reached RMB 964.1 million, a year-on-year increase of 102.0%. Basic earnings per share were RMB 69.49, and diluted earnings per share were RMB 69.22. The company's cash flow from operating activities increased, and cash and cash equivalents increased from RMB 2077.9 million at the end of 2023 to RMB 3608.7 million. The board of directors does not recommend distribution of interim dividends and will continue to invest in expanding the IP library, expanding channel networks, and promoting digitization. The company's shares were listed on the Main Board of the Hong Kong Stock Exchange on December 11, 2020, and pledged to comply with corporate governance regulations to safeguard shareholder rights.
