On November 21, according to Gelonghui, Pop Mart's stock rose by 4.24% in the morning session, with the stock price continuously increasing, reaching a high of over 80 Hong Kong dollars per share and a market cap exceeding 107 billion Hong Kong dollars. As of the time of writing, Pop Mart's stock price is 79.5 Hong Kong dollars, with a market cap of 106.76 billion Hong Kong dollars. Data shows that Pop Mart's current stock price has increased nearly 300% compared to the beginning of the year. In the first half of 2024, Pop Mart achieved revenue of 4.56 billion yuan, a year-on-year growth of 62%, with an adjusted net profit of 1.02 billion yuan, a year-on-year increase of 90.1%. Among this, revenue from mainland China was 3.21 billion yuan, a year-on-year growth of 31.5%; revenue from Hong Kong, Macau, Taiwan, and overseas reached 1.35 billion yuan, a year-on-year growth of 259.6%. In the recently concluded third quarter, Pop Mart's overall revenue increased by 120%-125% year-on-year, with mainland China revenue growing by 55%-60% year-on-year, and revenue from Hong Kong, Macau, Taiwan, and overseas increasing by 440%-445% year-on-year. According to statistics, in the past 90 days, a total of 18 investment banks have given Pop Mart a buy rating, with a target average price of 77.03 Hong Kong dollars in the last 90 days. In addition, Everbright's latest research report has also given Pop Mart its first buy rating, stating that "As a leading company in China's trendy toy sector, the company's IP operation capability has gradually been verified, and its international expansion is bringing high performance growth potential, deserving a certain valuation premium." According to the report from Credit Lyonnais, Pop Mart's performance in the third quarter far exceeded expectations, with growth accelerating compared to the first half of the year. After the strong performance in the third quarter, the bank has greater confidence that the popularity of Pop Mart's IP and the success of its product variety, pipelines, and regional expansion will continue in the coming quarters.