Summary by Futu AI
Pop Mart International Group Co., Ltd. announced its interim results for the six months ending on June 30, 2024. Revenue reached RMB 455.78 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. The profit for the period was RMB 96.41 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 cash flow generated from operating activities increased, and cash and cash equivalents increased from RMB 207.79 million at the end of 2023 to RMB 360.87 million. The board of directors does not recommend the payment of interim dividends and will continue to invest in expanding the IP portfolio, expanding the channel network, and digitizing. 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 guidelines to safeguard shareholder rights.