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Shares fell as much as 8.9% in Hong Kong after Asia-Pacific and Americas revenue declined, and Citi lowered its price target to HK$198
Martin Lelievre/AFP via Getty Images
Pop Mart reported first-half 2026 revenue of 17.17 billion yuan ($2.55 billion), up 23.8% year over year, but its stock fell as much as 8.9% in Hong Kong on Friday after the results revealed declining sales in overseas markets and management signaled the company may miss its full-year growth target.
Revenue in the Asia-Pacific region excluding Greater China fell 9.7% to 2.58 billion yuan, and Americas revenue dropped 16.5% to 1.89 billion yuan, the company said. Greater China revenue, by contrast, rose 47.3% to 12.2 billion yuan.
