The Zhitong Finance App learned that Bubble Mart (09992) rose more than 6%. As of press release, it had risen 6.09% to HK$36.6, with a turnover of HK$163 million.

According to the news, Open Source Securities pointed out that the IP+ category logic continues to be implemented, such as the PTS Trendy Fun Festival+City Park model innovation, and LABUBU and Lucky have a joint name. The revenue side is optimistic about the improvement of the domestic omni-channel system & the acceleration of overseas markets in Southeast Asia, Europe and the US; the profit side is optimistic about the increase in the share of overseas businesses with high unit prices and high gross profit, and the annual revenue/profit growth rate is expected to increase by 30% +.

In the first quarter of this year, the company's overall revenue increased by 40%-45% year on year. Among them, revenue from mainland China increased 20% to 25% year on year, and revenue from Hong Kong, Macao, Taiwan and overseas increased 245%-250% year on year. According to Guotai Junan, the company achieved rapid recovery in 2023, and retail stores and robot stores continued to expand. In addition, the company increased its overseas layout and opened its first offline stores in countries such as France, Malaysia, and Thailand, and maintained a high increase in overseas revenue in 2024Q1.