Pop Mart (9992.HK): Global Expansion vs. ESG Crisis! Pop Mart has officially evolved into a global IP powerhouse! Recent 2025-2026 data shows hyper-growth with international revenue now exceeding 50% of total sales. Key Highlights: * Labubu Mania: Plush toy sales surged by over 1,200%, turning collectibles into viral fashion icons. * Financial Strength: Record-high 70% gross margins and net profit up nearly 400% YoY. * Global Reach: Massive expansion success in the US and SE Asia driven by the "Lisa Effect." The Current Risk: A January 2026 labor scandal regarding supply chain violations is causing short-term volatility. This ESG concern is a key hurdle for brand image in Western markets. Investment Verdict: Analysts set an average target price around 323 HKD. With significant upside potential, this price dip is a strategic "Accumulate on Weakness" opportunity for long-term growth investors. Tags: #PopMart #9992HK #StockMarket #ArtToys #Labubu #Investing #Finance #theexpme