Summary by Futu AI
Pop Mart achieved revenue of 45.578 billion RMB in the first half of 2024, a year-on-year increase of 62.0%. The gross profit reached 29.191 billion RMB, up 71.9% year-on-year, with an operating profit of 11.264 billion RMB, an increase of 109.5% year-on-year. Net profit for the period was 9.641 billion RMB, an increase of 102.0% year-on-year. As of June 30, 2024, the company's cash and cash equivalents amounted to 36.087 billion RMB. The company repurchased and canceled 5,300,000 shares during the reporting period, and did not declare an interim dividend. The company continues to promote trendy toy culture, incentivizing employees through a stock award plan launched after the IPO, granting restricted share units to employees during the period, and confirming related stock-based compensation expenses at 5.3483 billion RMB.