POP MART(09992) 第一财经·2025-05-08 10:48Core Viewpoint - The recent decline in Pop Mart's stock price by 3.31% on May 8, 2023, contrasts with a significant increase of over 700% since November 2022, indicating volatility in the stock performance amidst shareholder actions [1][2]. Group 1: Shareholder Actions - Fengqiao Capital has sold all its shares in Pop Mart through three block trades, totaling approximately 11.91 million shares and involving around 2.2 billion HKD [4]. - Prior to the sale, Fengqiao Capital held 0.9% of Pop Mart's shares, making it the seventh largest shareholder [4]. - The founder of Fengqiao Capital, Tu Zheng, expressed gratitude for the 14-year journey with Pop Mart, highlighting the ups and downs of the investment process [4]. Group 2: Company Performance - Pop Mart's international business has seen rapid growth, with overseas revenue increasing by 475%-480% year-on-year in Q1 2023 [5]. - Revenue growth in specific regions includes a staggering 895%-900% increase in Central America, 600%-605% in Europe, and 345%-350% in the Asia-Pacific region [5]. Group 3: Market Sentiment - The reduction of shares by Fengqiao Capital is viewed as a neutral event in the market, but its implications may be amplified due to the firm's early investment status and significant returns [6].