【9992】Pop Mart's stock price stops falling and rebounds 4%. The company spends nearly 600 million yuan on the largest buyback since listing. The stock has fallen a total of 30% in two days after the earnings announcement.

Pop Mart (09992)
Spent nearly 600 million on buybacks. After a three-day drop of 30%, Pop Mart’s stock price stabilized, rebounding by 4.1% this morning to a high of 156.9, currently up 0.2% at 151, with a turnover of 2.9 billion.

Yesterday, Pop Mart repurchased a total of 3.94 million shares at prices ranging from 148.4 to 157.8 per share in the market, with an average price of 152.21, using nearly 600 million, marking the largest buyback scale since its listing.

In January this year, Pop Mart’s stock price continued to adjust, and on January 19 and January 21, it initiated two significant buybacks with repurchase prices of 177.7 to 181.2 and 191.1 to 194.9, respectively, totaling nearly 350 million, which helped rebound the stock price.

Pop Mart’s performance dropped 22.5% after results; fell another 10% the next day

After announcing results on the 25th (Wednesday), Pop Mart’s stock plummeted by 22.5%, closing at 168.3. On Thursday, it fell another 10%, closing at 150.7.

For the full year, Pop Mart reported a profit attributable to owners of 12.78 billion (RMB, the same below), an annual increase of 308.8%, basic earnings per share of 9.61, and a final dividend of 2.3817 per share.

Source: Pop Mart announcement

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