HK Stock Market Move | POP MART (09992) rose more than 4% again. The company plans to launch a buyback program worth 2 to 5 billion yuan, focusing on improving profitability this year.

POP MART (09992) surged over 4% again, and as of the time of writing, it stands at 3.96%, priced at HKD 154.9, with a transaction volume of HKD 2.219 billion. On the news front, POP MART's interim performance announcement shows that in the first half of 2026, the company achieved an operating income of approximately RMB 17.2 billion, a year-on-year increase of about 24%; net profit attributable to shareholders was around RMB 5 billion, a year-on-year growth of about 10%. Wang Ning stated in the interim performance conference call that in the next six months, the group will initiate a share repurchase plan with a range of no less than RMB 2 billion and no more than RMB 5 billion, marking the first time it has announced such a plan during a performance meeting. It is noteworthy that during the performance meeting, management positioned 2026 as an adjustment year, focusing on enhancing health and insisting on moving the brand upward. This year, the company will integrate its four major regions into a unified platform, strengthening collaboration between headquarters and local teams; overseas stores will shift from pursuing quantity to emphasizing quality and the efficiency of individual stores, while also advancing the upgrade of old stores, overseas factories, local warehousing, and logistics systems. Western believes that the company's overseas adjustment direction is gradually becoming clear, and with improved organization, supply chain, and localization capabilities, it is optimistic about the long-term development of its global business.