Investor Duan Yongping Raises Pop Mart Stake to 7.65% After July 6 Purchase

Investor Duan Yongping increased his stake in Pop Mart International Group (09992.HK) to 7.65% from 6.85% after buying 10.59 million shares on-market on July 6 through H&H International Investment, LLC, according to Jiemian News, citing Hong Kong Exchanges and Clearing’s disclosure filings. The purchase price was up to HK$150 per share, for a total consideration of about HK$1.589 billion, taking his total holdings to 101.8628 million shares. Pop Mart closed at HK$150.7 on July 10, down 0.20% on the day, with turnover of HK$1.6 billion and a market capitalization of HK$200.7 billion. Based on the closing price, Duan’s stake was valued at about HK$15.351 billion, and he is now the company’s second-largest shareholder after founder Wang Ning. The filing marks Duan’s third major stake increase in 2026. He bought 9.8232 million shares at an average HK$150 on May 25 for HK$1.47 billion, lifting his stake to 5.69% and triggering a disclosure threshold. He then bought 4.66 million shares at an average HK$162.5 on May 28 for HK$757 million, raising his stake to 6.04%. Pop Mart reported 2025 revenue of 37.12 billion yuan, up 184.7% year-on-year, and adjusted net profit of 13.08 billion yuan, up 284.5%, with a gross margin of 72.1%. Overseas revenue was 16.268 billion yuan, up 291.9%, accounting for 43.8% of total revenue. In a first-quarter business update, the company said overall revenue rose 75% to 80% year-on-year, with China revenue up 100% to 105% and the Americas up 55% to 60%.