Chinese toymaker Pop Mart's shares fell more than 20 percent despite strong annual earnings because of a perceived over-dependence on the Beijing-based firm's popular Labubu dolls

Chinese toymaker Pop Mart's shares fell more than 20 percent despite strong annual earnings because of a perceived over-dependence on the Beijing-based firm's popular Labubu dolls

 JOE RAEDLE

Chinese toymaker Pop Mart's shares tumbled more than 20 percent on Wednesday, despite strong annual earnings, as investors fretted over a perceived over-dependence on its wildly popular Labubu dolls.

Revenue soared 184.7 percent to 37.1 billion yuan ($5.4 billion) in 2025, while net income surged 308.8 percent to 12.8 billion yuan, according to company earnings results published on the Hong Kong stock exchange on Wednesday.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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