POP MART’s primary-listed shares trade in Hong Kong under stock code 9992. U.S. investors may also encounter PMRTY, an unsponsored American depositary receipt traded over the counter. PMRTY is not a Nasdaq or New York Stock Exchange listing, and it should not be confused with a LABUBU product, a separate U.S. operating company or a new initial public offering.

The latest company result is equally easy to flatten. In the first half of 2026, total revenue rose 23.8% to RMB17.17 billion and profit attributable to owners rose 10.1% to RMB5.04 billion. But revenue from The Monsters fell, and revenue from the Americas fell. The group grew because several moving parts did not travel in the same direction.

POP MART stock symbol: the short answer

Search term What it identifies Venue Trading currency Important boundary
9992 or 9992.HK POP MART ordinary shares Hong Kong Stock Exchange Main Board Hong Kong dollars the company’s primary public listing
PMRTY unsponsored depositary receipt representing POP MART shares U.S. over-the-counter market U.S. dollars not Nasdaq or NYSE; availability varies by broker
LABUBU stock no separate listed LABUBU company — — LABUBU belongs to The Monsters IP within POP MART
POP MART IPO historical Hong Kong listing on 11 December 2020 Hong Kong Hong Kong dollars not a current U.S. IPO

BNY’s current depositary-receipt directory lists PMRTY, CUSIP 73281Q109, an OTC venue and a 1:1 depositary-receipt-to-ordinary-share ratio. It labels the program unsponsored and names multiple depositaries. SEC filings also show effective Form F-6 registrations for POP MART depositary receipts.

That primary evidence corrects a recurring error in search results: pages that say POP MART has no ADR are outdated or wrong. It still does not mean every U.S. brokerage supports PMRTY, that an OTC quote is liquid, or that the company sponsors the program.

A POP MART stock map separates Hong Kong code 9992 and U.S. OTC symbol PMRTY from the company’s H1 2026 operating scorecard.

POP MART H1 2026 earnings: the official numbers

Metric H1 2026 H1 2025 Change
Revenue RMB17.173bn RMB13.876bn +23.8%
Gross profit RMB11.966bn RMB9.761bn +22.6%
Operating profit RMB6.725bn RMB6.044bn +11.3%
Profit for the period RMB5.100bn RMB4.682bn +8.9%
Profit attributable to owners RMB5.038bn RMB4.574bn +10.1%
Non-IFRS adjusted net profit RMB5.156bn RMB4.710bn +9.5%
Basic earnings per share RMB3.80 RMB3.44 +10.5%
Diluted earnings per share RMB3.79 RMB3.43 +10.5%

These are unaudited six-month figures for the period ended 30 June 2026, released on 20 August. They are reported in renminbi and under the company’s Hong Kong disclosure framework. They are not a forecast for the second half and are not a U.S.-dollar ADR earnings figure.

Did LABUBU sales go up or down?

The published accounts do not provide a standalone LABUBU revenue line. They report The Monsters, the wider Kasing Lung character family represented by LABUBU.

The Monsters generated RMB4.454 billion in H1 2026, down from RMB4.814 billion a year earlier. That is a decline of roughly 7.5%, calculated from the reported figures. Its share of group revenue fell from 34.7% to 26.0%.

That does not mean the whole company shrank. Other artist IPs changed the mix:

Artist IP H1 2026 revenue H1 2025 revenue Reported or calculated change
The Monsters RMB4.454bn RMB4.814bn about −7.5% calculated
Twinkle Twinkle RMB2.650bn RMB0.389bn +580.6% reported
CRYBABY RMB1.633bn RMB1.218bn about +34.0% calculated
DIMOO RMB1.619bn RMB1.105bn about +46.5% calculated
SKULLPANDA RMB1.551bn RMB1.221bn about +27.1% calculated

The useful reading is not “LABUBU is over” or “LABUBU still explains everything.” The group became less concentrated in its largest named IP during the half, while The Monsters remained its largest artist-IP revenue line. A standalone LABUBU number cannot be recovered reliably from the wider total.

For the object-level question—official prices, formats and verification—use the separate LABUBU real-vs-fake and price guide.

Plush grew while figure toys were nearly flat

Product format changed more sharply than group revenue:

Product category H1 2026 revenue Share of group revenue Year-over-year change
Plush toys RMB9.825bn 57.2% +60.0%
Figure toys RMB5.192bn 30.2% +0.3%
Other IP-related products and others RMB2.155bn 12.6% −15.8%

That is a more precise explanation than saying “blind boxes drove everything.” Plush was the largest category and the fastest-growing of the three published categories. Classic figure-toy revenue was almost unchanged. The accounts do not break the plush line into pendants, dolls and individual characters.

Why did revenue grow while operating profit grew more slowly?

Revenue rose 23.8%, gross profit 22.6% and operating profit 11.3%. Several lines sat between them:

  • distribution and selling expense increased from RMB3.193 billion to RMB3.931 billion;
  • general and administrative expense increased from RMB770.4 million to RMB926.5 million;
  • employee benefit expense increased from RMB992.7 million to RMB1.405 billion;
  • right-of-use depreciation increased from RMB254.2 million to RMB451.9 million;
  • other losses were RMB688.8 million, compared with other gains of RMB179.2 million a year earlier;
  • the other-loss line included RMB720.3 million of exchange losses.

Sales growth therefore did not flow through at the same percentage to operating or attributable profit. The result remains profitable; the point is that top-line growth, gross profit, operating profit and net profit answer different questions.

What happened in the United States and Americas?

POP MART reports an Americas segment, not a standalone United States income statement. Americas revenue fell 16.5% from RMB2.265 billion to RMB1.892 billion in H1 2026.

At the same time, the company says the United States remained the core Americas market and that the region added 22 physical stores, rising from 64 at the end of 2025 to 86 at 30 June 2026. More stores and lower regional revenue can coexist because store count is not same-store sales, because online and wholesale channels also matter, and because the segment covers more than the United States.

The company does not provide enough in the interim announcement to assign the regional decline to one cause. Do not reverse-engineer U.S.-only revenue or claim that store openings caused the change.

Europe and other regions moved differently: revenue increased 5.9% to RMB505.7 million, while offline-channel revenue there increased 49.8% and online-channel revenue fell 59.0%. A global brand can be expanding stores and still show channel declines in the same reporting period.

9992 versus PMRTY: why the prices are not identical

A 1:1 depositary ratio does not make the two displayed quotes numerically equal. 9992 is quoted in Hong Kong dollars during Hong Kong trading hours; PMRTY is quoted in U.S. dollars on an OTC venue. Their relationship is affected by:

  • the HKD/USD exchange rate;
  • non-overlapping market hours;
  • OTC trading volume and bid-ask spread;
  • depositary service, dividend and conversion fees;
  • the timestamp used for each quote;
  • settlement and broker access.

BNY’s directory lists depositary fees of up to $0.10 for several actions. Those are program terms, not a promise that a broker charges only that amount. A broker can add its own commission, spread, currency conversion or custody rules.

What is the POP MART stock price today?

Use a live, timestamped quote from the venue your order would actually reach. Before comparing a headline with your screen, identify:

  1. 9992 in Hong Kong or PMRTY OTC in the United States;
  2. Hong Kong dollars or U.S. dollars;
  3. regular-session, delayed or last-trade data;
  4. the quote time and time zone;
  5. last price, bid, ask, open or previous close.

This page does not embed a static “today” price because it would become stale. The official HKEX company-disclosure page is the source for filings, while a brokerage or licensed market-data service is the appropriate source for an executable quote.

Is POP MART stock a buy, sell or hold?

This page does not issue a rating, price target or forecast. The half-year result supports questions an investor can test:

  • Can the group maintain growth after The Monsters’ revenue declined from the comparison period?
  • Does the wider IP portfolio reduce concentration risk or increase hit-dependence across more characters?
  • Will plush growth remain additive, or substitute for figure-toy purchases?
  • Why did Americas revenue decline while the region added stores?
  • How much of the exchange-loss line recurs?
  • What happens to inventory, cash and lease commitments as the store network grows?

At 30 June, inventories were RMB6.102 billion, up from RMB5.473 billion at year-end, while cash and cash equivalents were RMB12.442 billion, down from RMB13.775 billion. Those balance-sheet changes need later periods and management explanation; neither is a standalone buy or sell signal.

Questions readers ask next

What is the POP MART stock ticker?

The primary Hong Kong stock code is 9992. The U.S. OTC depositary-receipt symbol is PMRTY. PMRTY is not a Nasdaq or NYSE listing.

Is there a LABUBU stock?

No separate LABUBU company is listed in the cited filings. LABUBU is a character within The Monsters, one of POP MART’s artist IPs. Public-market exposure is to POP MART’s wider business, not a standalone character security.

Is PMRTY a real ADR?

Yes. BNY’s current DR directory lists PMRTY as a 1:1 unsponsored depositary receipt on the OTC market, and SEC Form F-6 filings identify POP MART as the subject issuer. Some web pages saying no ADR exists are contradicted by these primary records.

Can I buy POP MART stock in the United States?

Potentially, through a broker that supports PMRTY or direct Hong Kong trading, subject to that broker’s eligibility, product, jurisdiction, fee and liquidity rules. This page does not recommend a broker or guarantee availability for any account.

When did POP MART report H1 2026 earnings?

The company released the interim-results announcement on 20 August 2026 for the six months ended 30 June 2026.

Did POP MART earnings beat estimates?

The official filing reports results but does not define an analyst consensus. A beat or miss requires a named estimate provider, metric, sample and timestamp. Without those, the source-checked answer is the reported RMB17.173 billion revenue and RMB3.80 basic EPS.

Did POP MART declare an interim dividend?

No. The board did not recommend an interim dividend for the six months ended 30 June 2026. The company separately reported dividends paid during the period that related to an earlier declared distribution.

When is the next POP MART earnings date?

No next results date was confirmed in the official sources checked 28 August 2026. A market calendar can estimate a date, but it is not a company announcement.

Sources and scope

This page was checked on 28 August 2026. It explains securities identifiers and company-reported results; it is not investment advice, a live quote, a broker recommendation or a guarantee of ADR liquidity or availability.