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After a 20% plunge in stock price, Pop Mart spends HKD 599 million to buy back shares
Sina Technology reported on March 26 that Pop Mart announced it will spend HKD 599 million to repurchase 3.94 million shares, with a repurchase price range of HKD 148.4 to HKD 157.8 per share. As of the market close that day, Pop Mart’s share price was HKD 150.7.
On the news front, Pop Mart released its 2025 annual report during trading on March 25, showing total revenue of 37.12 billion yuan, a year-on-year increase of 184.7%, and an adjusted net profit of 13.08 billion yuan, a year-on-year increase of 284.5%. However, after the annual report was released, Pop Mart’s stock price fell by more than 20% at one point, closing at HKD 168.3 per share, and opening the next day with a decline of over 10%.
In January this year, Pop Mart’s stock price continued to adjust. The company conducted two large repurchases on January 19 and January 21, with repurchase prices ranging from HKD 177.7 to HKD 181.2 and HKD 191.1 to HKD 194.9, for a total repurchase amount of nearly HKD 350 million, which led to a weekly increase of over 23% in the stock price. Currently, Pop Mart’s cumulative repurchase amount exceeds HKD 900 million. (Yan Yan)
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Editor: Song Yafang