revolandgamedownload| Changes in Hong Kong stocks| Bubble Mart (09992) rose more than 6% IP+ category logic continues to fulfill overseas market layout accelerates

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Zhitong Financial APP learned that Bubble Mart (09992) rose more than 6%, and as of press time, it rose 6%.revolandgamedownload.09%, reported at HK$36.6, with a turnover of HK$163 million.

On the news front, Open Source Securities pointed out that the IP+ category logic continues to be fulfilled, such as the PTS Fashion Festival + Urban Park Model Innovation, which is jointly signed by LABUBU and Lucky. The revenue side is optimistic about the improvement of the domestic omni-channel system & the overseas market layout in Southeast Asia, Europe and the United States is acceleratingrevolandgamedownload; The profit side is optimistic that the proportion of overseas businesses with high unit prices and high gross profit will increase, and the annual revenue/profit growth rate is expected to be 30%+.

revolandgamedownload| Changes in Hong Kong stocks| Bubble Mart (09992) rose more than 6% IP+ category logic continues to fulfill overseas market layout accelerates

In the first quarter of this year, the company's overall revenue increased by 40%-45% year-on-year, of which revenue from mainland China increased by 20%-25% year-on-year, and revenue from Hong Kong, Macao and Taiwan and overseas increased by 245%-250% year-on-year. Guotai Junan pointed out that the company will achieve rapid recovery in 2023, and retail stores and robot stores will continue to expand. In addition, the company has increased its overseas layout efforts, opening its first offline stores in countries such as France, Malaysia and Thailand, and overseas revenue will maintain high growth in 2024Q1.

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