Yuan Junjie, the supply chain manager of Pop Mart (09992.HK): Plush capacity increased 10 times year-on-year, with production capacity exceeding 30 million in August.

According to Zhitong Finance, on August 20, PPMate (09992.HK) held a mid-term performance conference for 2025. Yuan Junjie, the supply chain director, said that PPMate's plush toy category has become a popular product category, benefiting from the precision manufacturing and two-way collaboration of the industry chain. The production capacity of the plush toy category has increased by 10 times year-on-year, with production capacity exceeding 30 million units in August. Thanks to the 3A supply chain, PPMate continuously improves its quality management standards through the development of new materials and technologies. In the first half of this year, PPMate's supply chain, in collaboration with institutions such as the Guangzhou Customs, released standards for trendy and related products. In the first half of 2025, PPMate's plush toy category achieved a revenue of 6.14 billion yuan, a year-on-year increase of 1276.2%.