泡泡瑪特: 24H1業績點評：收入利潤均超預期，看好IP+渠道+產品共振持續貢獻成長

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Pop Mart International  (9992 HK) 24H1業績點評：收入利潤均超預期，看好IP+渠道+產品共振持續貢獻成長 24H1E profit alert: revenue and profit above expectations; IP, channel and product enhancements lift growth profile BUY (maintain) 投資要點/Investment Thesis 投資要点/Investment Thesis 事件： 2024年7月18日，泡泡瑪特發佈正面盈利預告，根據1-6月的未經審覈報表，預計上半年收入的同比增長不低於55%，利潤（不包括未完成統計的金融工具的公允價值變動損益）同比增長不低於90%。 H1E profit alert: revenue expanded 55% yoy; profit rose at least 90% yoy Financials: Pop Mart issued a 24H1E profit alert on 18 July 2024 based on unaudited data: revenue and profit are estimated to outperform Bloomberg consensus expectations, and compare favorably against 23H1 revenue of RMB2.81bn and profit of RMB477m. The key metrics in 24H1E were: •Revenue grew at least 55% yoy to at least RMB4.36bn; •Prof ………………………………