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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pop Mart International Group
Pop Mart International Group (9992) investor relations material
Pop Mart International Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary20 Aug, 2026
Executive summary
Revenue grew 23.8% year-over-year to RMB17,172.9 million for H1 2026, driven by strong proprietary IP performance and robust growth in plush toys.
Net profit increased 8.9% to RMB5,100.3 million, with adjusted net profit up 9.5% to RMB5,155.8 million.
Gross profit margin slightly declined to 69.7% from 70.3% due to higher raw material costs and a lower proportion of high-margin overseas sales.
Significant expansion in offline retail and roboshops globally, with a net increase of 46 stores and 190 roboshops.
The PRC market led growth with a 47.3% revenue increase, while Asia Pacific and Americas saw declines.
Financial highlights
Operating profit rose 11.3% to RMB6,724.7 million year-over-year.
Net profit margin decreased to 29.7% from 33.7%; adjusted net profit margin was 30.0%.
Cash and cash equivalents at period end were RMB12,442.1 million, down from RMB13,775.1 million at year-end 2025.
Gearing ratio improved to 24.9% from 29.4% at year-end 2025.
No bank borrowings or pledged assets as of 30 June 2026.
Outlook and guidance
Focus remains on IP incubation and innovation, global expansion, and digitalization of business operations.
Plans to further diversify IP categories, enhance supply chain automation, and expand flagship stores in core cities.
Continued investment in technology, content, member engagement, and sustainable materials to drive long-term growth.
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Latest events from Pop Mart International Group
- Revenue up 184.7% and net profit up 293.3% on global expansion and IP strength.9992
H2 2025 - Revenue and profit surged on global expansion, artist IPs, and plush product growth.9992H1 2025
- Revenue and net profit more than doubled, driven by strong global and IP-led growth.9992H1 2024
- Net profit surged 203.9% as global expansion and proprietary IPs fueled record growth.9992H2 2024
Next Pop Mart International Group earnings date
H2 202619 Mar, 2027
Pop Mart International Group
Next Pop Mart International Group earnings date
H2 202619 Mar, 2027
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Frequently asked questions
Pop Mart International Group Limited is a China-based company specializing in the design, manufacturing, and retail of collectible toys and art toys. Known for its blind box products and collaborations with popular designers and brands, Pop Mart offers a range of collectible figures that appeal to consumers interested in art, fashion, and pop culture. The company operates through retail stores, online platforms, and vending machines called "Roboshops" to reach a broad customer base in China and internationally. Pop Mart also organizes events and exhibitions to engage its fan community and promote art toy culture. The company is headquartered in Beijing, China, and its shares are listed on the Hong Kong Stock Exchange.