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Pop Mart’s latest report looks mixed. 📊 Revenue hit ¥17.17B, up 23.8%, but net profit grew only 10.1%, showing clear pressure on profitability. LABUBU is cooling, while Star People’s sales surged nearly 6x. 🚀 The positive is that six IPs generated over ¥100M, proving Pop Mart can diversify beyond one hit. But declining Asia-Pacific and Americas sales mean overseas growth remains a concern. 🌍📉 #BTCRallyOrSqueeze #AnthropicIPONears #PopMartEarningsWatch