#PopMartEarningsWatch
About PopMartEarningsWatch
Pop Mart's H1 revenue rose 23.8% YoY to RMB17.17B, while attributable net profit grew 10.1% to RMB5.04B, lagging sales. The growth engine is shifting too: Greater China grew 47.3%, but Asia-Pacific and the Americas fell 9.7% and 16.5%. THE MONSTERS, home to LABUBU, fell ~7.5%, while Twinkle Twinkle grew nearly sixfold to become the No. 2 IP. With overseas growth cooling, weaker margins and slower inventory turnover, can multiple IPs sustain growth and valuation? Share your take under this topic.
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👀 El informe financiero de Pop Mart ya está disponible: ¿tienes grandes expectativas para este boletín? Publica en este tema para obtener recompensas 🏅
🔥 Aspectos destacados del Pop Mart Financial Report: El motor de crecimiento está cambiando, LABUBU se enfría y Star People toma el control con fuerza.
Por un lado, los ingresos en el mercado chino crecieron un 47,3%, convirtiéndose en el principal motor de crecimiento; Por otro lado, los ingresos en Asia-Pacífico y América disminuyeron un 9,7% y un 16,5% respectivamente, con el negocio internacional claramente enfriándose.
El rendimiento en propiedad intelectual también estuvo dividido: la empresa de LABUBU vio caer unos ingresos en torno a un 7,5%, mientras que Star People creció casi seis, convirtiéndose rápidamente en la segunda propiedad intelectual más grande de la compañía.
Los internautas están polarizados: ¿crees que Pop Mart está logrando liberarse de la dependencia de LABUBU, o su crecimiento general está empezando a encontrar un cuello de botella?
👇 Hashtag #财报观察员: El crecimiento de Pop Mart cambia: ¿pueden múltiples IPs tomar el control? Escribe tu juicio y participa en actividades creativas:
1️⃣ Periodo de selección: del 18 al 23 de agosto
2️⃣ Siéntete libre de citar y comentar el contenido informativo en la página de datos de mercado de Pop Mart $POPMART a Planet; Prohíbe estrictamente la republicación, el contenido por lotes de IA y los pedidos infundados.
Para más normas creativas sobre actividades, por favor consulta la sección de comentarios~
Además, OKX ahora soporta contratos perpetuos $POPMART Pop Mart, margen unificado de USDT y × de negociación 24/7.
Los beneficios de los VIP × Hong Kong y las acciones estadounidenses aumentaron simultáneamente: ahora operan activos de Hong Kong y Estados Unidos, y solo necesitas un tercio de tu volumen de operaciones en Hong Kong para acceder a VIP 1 y desbloquear más beneficios VIP exclusivos.
华尔街见闻
Pop Mart: 6 IP principales superan los 1,000 millones en la primera mitad del año, 11 IP con ingresos superiores a 100 millones
Pop Mart: En la primera mitad del año, los 6 principales IP del grupo generaron ingresos superiores a 1,000 millones, 11 IP superaron ingresos de 100 millones, THE MONSTERS generó ingresos de 4,450 millones, ocupando el primer lugar, Xingxingren generó ingresos de 2,650 millones, ocupando el segundo lugar, con una tasa de crecimiento superior al 580%. Según el informe semestral, Pop Mart opera 676 tiendas físicas y 2,827 tiendas robotizadas en todo el mundo, con más de 100 millones de miembros registrados a nivel global. En el mercado chino, opera 455 tiendas con ingresos de 12,200 millones, logrando un crecimiento del 47.3%. Aunque el número de tiendas no aumentó significativamente, el rendimiento creció de manera estable y la calidad operativa mejoró aún más. Hasta ahora, Pop Mart ha establecido oficinas en más de 20 países y regiones en todo el mundo, y ha abierto sedes regionales en Los Ángeles, Londres, Singapur, entre otros lugares. Cuenta con más de 12,000 empleados a nivel global, consolidando su base de talento, y la mejora en la capacidad organizacional proporciona un sólido apoyo para el desarrollo a largo plazo del negocio.
#XiaomiQ2Earnings
Xiaomi is slowly becoming something bigger than a smartphone company.
Its EV business is starting to change the conversation. Phones built the ecosystem.
Cars could expand it. The real question isn't whether EVs saved the quarter. It's whether they're becoming Xiaomi's biggest growth engine.
Would you value Xiaomi differently today?
#XiaomiQ2Earnings Xiaomi’s latest results highlighted the growing importance of its electric-vehicle business. Second-quarter revenue was approximately RMB99.1 billion, while smartphone revenue was around RMB44.3 billion. Smart EV, AI and other new initiatives generated almost RMB19.9 billion. Continued vehicle deliveries helped offset pressure from smartphone competition, higher component costs and weaker profitability in Xiaomi’s traditional hardware operation.
Xiaomi’s advantage is its ability to connect smartphones, home devices and vehicles within one ecosystem. That could reduce customer-acquisition costs and create cross-selling opportunities unavailable to many standalone automakers. However, manufacturing vehicles requires substantial investment, and Xiaomi faces aggressive competition from BYD, Tesla and other Chinese brands. Investors should look beyond delivery growth and monitor vehicle gross margins, factory utilization and research spending. The EV operation is becoming large enough to reshape Xiaomi’s valuation, but it must eventually demonstrate that rapid expansion can produce sustainable profits.
#XiaomiQ2Earnings Xiaomi’s Q2 results make the company look less like a smartphone brand and more like a broader consumer-tech platform 👀
The EV business continued to accelerate as deliveries grew, while smartphones faced higher costs and intense competition. What stood out to me is how quickly the balance of the growth story seems to be shifting 🚗
I wouldn’t say EVs have already replaced smartphones as Xiaomi’s core engine. Phones still provide the scale, users and ecosystem that support the wider business. But autos are adding a new source of momentum at a time when smartphone growth is becoming harder and more expensive.
The interesting question now isn’t simply whether EVs “rescued” one quarter. It’s whether Xiaomi can scale that business without losing focus or putting too much pressure on margins.
This feels like the beginning of a different Xiaomi—but the transition is still being tested.
I was hiding in the bathroom for 20 minutes, refreshing Xiaomi’s numbers. 😂
And now the report is out. Q2 revenue came in at 108.9B yuan, adjusted net profit 6.2B. Not a blowout, but better than the ~108.8B revenue / ~6.0B profit expectations I was watching.
The interesting part is still the mix. Smartphone shipments fell to 31.2M, while the EV + AI business reached 24.9B yuan in revenue. That’s the part I care about more than the headline number.
If Xiaomi’s car business keeps scaling while margins improve, maybe the market really does need to stop valuing it like just another phone maker.
I still have that BTC long stuck in my hands, so I’m not switching horses tonight. 😂
Now I’m curious: if the numbers keep improving, do you hold the crypto and wait for the tech cycle, or rotate into Xiaomi?
$BTC $ETH $SNDK
#财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？
$XIAOMI | $3.588
Xiaomi is no longer just a smartphone story.
The company is expanding across EVs, AI and its broader smart ecosystem. In Q2 2026, EV deliveries jumped 28.2% YoY to 104,199 units, while EV revenue reached RMB 23.9B.
Smartphones remain under pressure from rising memory costs, but Xiaomi’s diversification is becoming an increasingly important part of the growth story.
$3.588 👀
#DailyOrbit @OKX中文
Xiaomi’s earnings aren’t just about phones anymore — the real story is where the growth is coming from. 👀
Xiaomi reports after the market close tonight, and the numbers could reveal something bigger than a simple earnings beat or miss.
📱 Smartphones: Shipments fell 19% YoY to 33.8M units, but ASP jumped 8.2% to ¥1,310. Less volume, higher prices — premiumization is finally showing up.
🚗 EVs: SU7 deliveries reached 104,200 in Q2, while gross margin hit 20.1%.
#DailyOrbit
Xiaomi has been holding it for several days
It's finally up
Of course, you have to reduce your position 😈, reduce your position!
The news side is positive
Core catalysts-too much
Xiaomi Group released its financial report for the second quarter of 2026 on August 18th, with revenue reaching 108.9 billion yuan and research and development expenses increasing by 18.9% year-on-year, reaching 9.2 billion yuan in Q2. During the financial report conference call, Lu Weibing, the president of the group, revealed three key pieces of information:
1. The new generation of Xuanjie chip is about to be released. The Xuanjie O1 chip launched last year has accumulated shipments of over one million on three terminals, achieving the scale verification of flagship chips
2. September enters the intensive new product release period-a series of heavyweight flagship products will be launched one after another
3. Xiaomi robot debut set
Lei Jun himself also announced on Weibo that his Weibo tail has been replaced with a mysterious new phone with an unknown model, further strengthening the market's expectations for the new product.
Fundamental support-bullish
Since the launch of the Xiaomi SU7 series 28.5 months ago, the delivery of over 500,000 vehicles has exceeded 500,000. On August 18th, Xiaomi Group's Hong Kong stock market closed at HKD 26.18, up 1.16%, with a PE-TTM ratio of approximately 16.8 times, and a total market value of approximately HKD 674.3 billion.
Summary: Q2 performance exceeded expectations, chip self-developed breakthroughs, and the upcoming intensive release period of new products have formed strong short-term emotional support.
$$$XAU #财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？
Xiaomi put the consumer side of the memory squeeze back on the tape.
$MU $970, $SNDK $1711, and $WDC $509 are all down 4%-5% pre-market while $SOXX $541 is off 3%. $AAPL $307 is still green. Monday's Apple / China policy squeeze pushed the tape toward tighter DRAM and NAND pricing. Tuesday's move is trading the demand side back into the equation.
Xiaomi's Q2 deck showed revenue of RMB108.9 billion, adjusted net profit of RMB6.2 billion, and a 26.3% y/y drop in smartphone shipments to 31.2 million units, while smartphone ASP rose 25.9% to RMB1,351. Bloomberg and WSJ both framed the quarter around higher memory costs and weaker smartphone demand.
That matters for the memory winners because the bull case still needs AI and data-center demand to outrun consumer elasticity. If handset OEMs are already losing units while ASPs rise, Monday's Apple / China read was never enough on its own to support a clean broad rerating across $MU, $SNDK, and $WDC.
The near-term debate is whether this stays a one-day giveback after a crowded squeeze or turns into a cleaner split between AI-backed memory pricing and consumer-device demand destruction. If $MU and $SNDK stabilize while $AAPL stays firm, the tape is still saying the supply constraint wins. If the group keeps leaking after Monday's policy bid, the handset tax is back in the model.
📱🚗 XIAOMI'S IDENTITY IS QUIETLY SPLITTING IN TWO
Look past the headline revenue number and Xiaomi's latest quarter tells a story about where the company is actually headed.
Vehicle deliveries hit 104,199 units — up 28.2% year-over-year, the sixth straight quarter of growth — while phone shipments fell over a quarter from a year ago. Xiaomi offset that volume drop by pushing upmarket: average selling price hit a record RMB 1,351, with premium devices now making up nearly a third of China sales. Rising component costs and brutal competition made that a harder win than it looks on paper.
Here's the nuance worth sitting with: cars aren't running the show yet. The phone-and-smart-device business still pulled in over three times the revenue of the auto/AI segment this quarter. What's shifted isn't which business is bigger — it's which one is doing the heavy lifting on growth.
That's a meaningfully different company than the one investors got used to. Phones built the user base, the ecosystem, the brand recognition. Now that engine is working harder for smaller gains, while a business that didn't exist a few years ago is picking up real momentum.
The open question isn't whether autos saved the quarter — they didn't need to, given total revenue still cracked RMB 108.9 billion. It's whether Xiaomi can keep scaling vehicle production without diluting margins or losing the operational focus that made the phone business work in the first place.
Early innings, but the direction of travel is getting harder to ignore.
Based on Xiaomi's Q2 2026 earnings release, Aug 18, 2026. Not investment advice.
#XiaomiQ2Earnings #SandiskValuationSplit #UnitreeIPOJumps629%
$BTC $ETH $SNDK
The AI infrastructure earnings season kicks off with a bang
Lumentum's revenue reached 1.006 billion, up 109% year-over-year, with after-hours gains exceeding 5%. CoreWeave's revenue hit 2.575 billion, up 112% year-over-year, with backlog piling up to 104 billion, and after-hours gains over 16%. SpaceX's first batch of unlocked shares didn't crash the market; the stock price returned to its IPO level.
But looking closely, there's another layer in the data. Lumentum posted a net loss of 7.2 billion, CoreWeave's capital expenditure this year is between 35 to 39 billion, and SpaceX's next batch of 7% restricted shares will also unlock on August 20. Good performance is a fact, but burning cash even more fiercely is also a fact.
#CPIToResetFedBets #AIInfraEarningsWatch #Gold4400HavenBid