Summary by Moomoo AI
In the first half of 2024, Pop Mart achieved a revenue of 4,557.8 million RMB, a year-on-year increase of 62.0%. The gross profit reached 2,919.1 million RMB, a year-on-year increase of 71.9%, and the operating profit was 1,126.4 million RMB, a year-on-year increase of 109.5%. Net profit for the period was 964.1 million RMB, a year-on-year increase of 102.0%. As of June 30, 2024, the company's cash and cash equivalents amounted to 3,608.7 million RMB. During the reporting period, the company repurchased and canceled 5,300,000 shares, and did not announce an interim dividend. The company continues to promote trendy toy culture, and motivates employees through the stock incentive plan issued after the initial public offering, granting restricted share units to employees during the period, and confirming related equity-based compensation expenses of 53,483 million RMB.
