Futu News reported on January 9th, $BLOKS (00325.HK)$ Today the dark market opened high, currently up 64.54%, reported at HKD 99.30, with a transaction volume of 22.5699 million HKD, and a total market value of 23.978 billion HKD.

Market source: Futu Securities.

Company Overview.

Blokus is the leader in building block character toys in China, focusing on providing high-quality and affordable building block character toys to Consumers through over 500 patent layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth. In 2023 and for the six-month period ending June 30, 2024, the majority of the company's revenue came from product sales based on the Ultraman IP, accounting for 63.5% and 57.4% of revenue respectively.

According to Frost & Sullivan data, Blokus is the largest and leading building block character toy company in China, achieving approximately RMB 1.8 billion in GMV in 2023, and is a rapidly growing toy company, with GMV growth exceeding 170% in 2023.

Financial Overview

The prospectus shows that in the past years of 2021, 2022, and 2023, the revenue of Blukow Group was RMB 0.33 billion, 0.326 billion, and 0.877 billion respectively, with a compound annual growth rate of 63.05%. The corresponding gross profits were RMB 0.123 billion, 0.123 billion, and 0.415 billion respectively, with a compound annual growth rate of 83.37%.

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Editor/Hao