Rumors circulated that Wang Ning sent an internal letter discussing Pop Mart's stock price fluctuations; insiders deny the rumors.

Sina Tech reports: On the afternoon of April 4, a message has recently circulated on social media stating that Wang Ning, Chairman and CEO of POP MART, issued an internal memo in response to the recent sharp drop in POP MART.

The internal memo mentioned: “From a long-term perspective, market sentiment often has a phase of its own and does not fully reflect the company’s true value. To a certain extent, such volatility actually gives us a more composed development space, enabling us to keep strengthening our foundation and widening the gap under a relatively lower level of attention.”

In response, an insider told Sina Tech to refute the rumor, saying, “No internal memo was issued.”

It is understood that on March 25, POP MART released its 2025 annual report during trading hours. Total revenue reached RMB 37.12 billion, up 184.7% year over year. Adjusted net profit was RMB 13.08 billion, up 284.5% year over year. After the financial report was released, POP MART’s stock price continued to fall. Since POP MART released its latest financial report on March 25, it has carried out share buybacks for three consecutive trading days. This year, the total amount of POP MART’s cumulative buybacks has reached HKD 1.4 billion.

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责任编辑：石秀珍 SF183