#PopMartEarningsWatch
About PopMartEarningsWatch
Pop Mart's H1 revenue rose 23.8% YoY to RMB17.17B, while attributable net profit grew 10.1% to RMB5.04B, lagging sales. The growth engine is shifting too: Greater China grew 47.3%, but Asia-Pacific and the Americas fell 9.7% and 16.5%. THE MONSTERS, home to LABUBU, fell ~7.5%, while Twinkle Twinkle grew nearly sixfold to become the No. 2 IP. With overseas growth cooling, weaker margins and slower inventory turnover, can multiple IPs sustain growth and valuation? Share your take under this topic.
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👀 O relatório financeiro da Pop Mart já foi divulgado — você tem confiança nesse relatório? Criar e postar sobre esse tema vai te render um prêmio 🏅
🔥 Destaques do Relatório Financeiro do Pop Mart: O motor de crescimento está mudando, a LABUBU esfria e o Star People assume forte o controle!
Por um lado, a receita no mercado chinês cresceu 47,3%, tornando-se o principal motor de crescimento; Enquanto isso, a receita na Ásia-Pacífico e nas Américas caiu 9,7% e 16,5%, respectivamente, com os negócios no exterior resfriando significativamente.
O desempenho da PI também foi dividido: a empresa da LABUBU teve uma queda de cerca de 7,5% na receita, enquanto a Star People cresceu quase seis vezes, rapidamente se tornando a segunda maior propriedade intelectual da empresa.
Os internautas estão polarizados: você acha que a Pop Mart está se libertando com sucesso da dependência do LABUBU, ou seu crescimento geral está começando a atingir um gargalo?
👇 Tendências #财报观察员: Mudanças de crescimento da Pop Mart — podem múltiplas IPs assumir o controle? Escreva seu julgamento e participe de atividades criativas:
1️⃣ Período de seleção: 18 a 23 de agosto
2️⃣ Sinta-se à vontade para citar e comentar o conteúdo de notícias na página do Pop Mart Market $POPMART to Planet; Elimine repostagens não autorizadas, conteúdo em massa de IA e ordens infundadas.
Para mais regras de atividades criativas, por favor, veja a seção de comentários~
Além disso, OKX agora suporta contratos perpétuos $POPMART Pop Mart, margem unificada de USDT e × de negociação 24 horas por dia, 7 dias por semana!
Os benefícios VIP × Hong Kong e ações dos EUA aumentaram simultaneamente: Agora negocie ativos de Hong Kong e dos EUA, e basta um terço do volume de negociação de Hong Kong para acessar o VIP 1 e desbloquear mais benefícios exclusivos de VIP!
华尔街见闻
Pop Mart: 6 principais IPs ultrapassam 1 bilhão no primeiro semestre, 11 IPs com receita acima de 100 milhões
Pop Mart: No primeiro semestre, as 6 principais IPs do grupo geraram receita superior a 1 bilhão, 11 IPs tiveram receita acima de 100 milhões, THE MONSTERS liderou com receita de 4,45 bilhões de yuans, seguido por Xingxingren com receita de 2,65 bilhões de yuans, com um crescimento superior a 580%. No relatório semestral, Pop Mart opera globalmente 676 lojas físicas e 2827 lojas robóticas, com mais de 100 milhões de membros registrados no mundo todo. No mercado chinês, opera 455 lojas, com receita de 12,2 bilhões de yuans, alcançando um crescimento de 47,3%. Embora o número de lojas não tenha aumentado significativamente, o desempenho cresceu de forma estável, com melhoria na qualidade operacional. Até o momento, Pop Mart estabeleceu áreas de escritório em mais de 20 países e regiões globalmente, e abriu sedes regionais em Los Angeles, Londres, Singapura, entre outros locais. O número global de funcionários ultrapassa 12.000, com uma base de talentos mais sólida, e o fortalecimento da organização oferece suporte sólido para o desenvolvimento de longo prazo dos negócios.
#XiaomiQ2Earnings
Xiaomi is slowly becoming something bigger than a smartphone company.
Its EV business is starting to change the conversation. Phones built the ecosystem.
Cars could expand it. The real question isn't whether EVs saved the quarter. It's whether they're becoming Xiaomi's biggest growth engine.
Would you value Xiaomi differently today?
#XiaomiQ2Earnings Xiaomi’s latest results highlighted the growing importance of its electric-vehicle business. Second-quarter revenue was approximately RMB99.1 billion, while smartphone revenue was around RMB44.3 billion. Smart EV, AI and other new initiatives generated almost RMB19.9 billion. Continued vehicle deliveries helped offset pressure from smartphone competition, higher component costs and weaker profitability in Xiaomi’s traditional hardware operation.
Xiaomi’s advantage is its ability to connect smartphones, home devices and vehicles within one ecosystem. That could reduce customer-acquisition costs and create cross-selling opportunities unavailable to many standalone automakers. However, manufacturing vehicles requires substantial investment, and Xiaomi faces aggressive competition from BYD, Tesla and other Chinese brands. Investors should look beyond delivery growth and monitor vehicle gross margins, factory utilization and research spending. The EV operation is becoming large enough to reshape Xiaomi’s valuation, but it must eventually demonstrate that rapid expansion can produce sustainable profits.
$XIAOMI | $3.588
Xiaomi is no longer just a smartphone story.
The company is expanding across EVs, AI and its broader smart ecosystem. In Q2 2026, EV deliveries jumped 28.2% YoY to 104,199 units, while EV revenue reached RMB 23.9B.
Smartphones remain under pressure from rising memory costs, but Xiaomi’s diversification is becoming an increasingly important part of the growth story.
$3.588 👀
#DailyOrbit @OKX中文
#XiaomiQ2Earnings Xiaomi’s Q2 results make the company look less like a smartphone brand and more like a broader consumer-tech platform 👀
The EV business continued to accelerate as deliveries grew, while smartphones faced higher costs and intense competition. What stood out to me is how quickly the balance of the growth story seems to be shifting 🚗
I wouldn’t say EVs have already replaced smartphones as Xiaomi’s core engine. Phones still provide the scale, users and ecosystem that support the wider business. But autos are adding a new source of momentum at a time when smartphone growth is becoming harder and more expensive.
The interesting question now isn’t simply whether EVs “rescued” one quarter. It’s whether Xiaomi can scale that business without losing focus or putting too much pressure on margins.
This feels like the beginning of a different Xiaomi—but the transition is still being tested.
I was hiding in the bathroom for 20 minutes, refreshing Xiaomi’s numbers. 😂
And now the report is out. Q2 revenue came in at 108.9B yuan, adjusted net profit 6.2B. Not a blowout, but better than the ~108.8B revenue / ~6.0B profit expectations I was watching.
The interesting part is still the mix. Smartphone shipments fell to 31.2M, while the EV + AI business reached 24.9B yuan in revenue. That’s the part I care about more than the headline number.
If Xiaomi’s car business keeps scaling while margins improve, maybe the market really does need to stop valuing it like just another phone maker.
I still have that BTC long stuck in my hands, so I’m not switching horses tonight. 😂
Now I’m curious: if the numbers keep improving, do you hold the crypto and wait for the tech cycle, or rotate into Xiaomi?
$BTC $ETH $SNDK
#财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？
Xiaomi has been holding it for several days
It's finally up
Of course, you have to reduce your position 😈, reduce your position!
The news side is positive
Core catalysts-too much
Xiaomi Group released its financial report for the second quarter of 2026 on August 18th, with revenue reaching 108.9 billion yuan and research and development expenses increasing by 18.9% year-on-year, reaching 9.2 billion yuan in Q2. During the financial report conference call, Lu Weibing, the president of the group, revealed three key pieces of information:
1. The new generation of Xuanjie chip is about to be released. The Xuanjie O1 chip launched last year has accumulated shipments of over one million on three terminals, achieving the scale verification of flagship chips
2. September enters the intensive new product release period-a series of heavyweight flagship products will be launched one after another
3. Xiaomi robot debut set
Lei Jun himself also announced on Weibo that his Weibo tail has been replaced with a mysterious new phone with an unknown model, further strengthening the market's expectations for the new product.
Fundamental support-bullish
Since the launch of the Xiaomi SU7 series 28.5 months ago, the delivery of over 500,000 vehicles has exceeded 500,000. On August 18th, Xiaomi Group's Hong Kong stock market closed at HKD 26.18, up 1.16%, with a PE-TTM ratio of approximately 16.8 times, and a total market value of approximately HKD 674.3 billion.
Summary: Q2 performance exceeded expectations, chip self-developed breakthroughs, and the upcoming intensive release period of new products have formed strong short-term emotional support.
$$$XAU #财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？
Xiaomi’s earnings aren’t just about phones anymore — the real story is where the growth is coming from. 👀
Xiaomi reports after the market close tonight, and the numbers could reveal something bigger than a simple earnings beat or miss.
📱 Smartphones: Shipments fell 19% YoY to 33.8M units, but ASP jumped 8.2% to ¥1,310. Less volume, higher prices — premiumization is finally showing up.
🚗 EVs: SU7 deliveries reached 104,200 in Q2, while gross margin hit 20.1%.
#DailyOrbit
📱🚗 XIAOMI'S IDENTITY IS QUIETLY SPLITTING IN TWO
Look past the headline revenue number and Xiaomi's latest quarter tells a story about where the company is actually headed.
Vehicle deliveries hit 104,199 units — up 28.2% year-over-year, the sixth straight quarter of growth — while phone shipments fell over a quarter from a year ago. Xiaomi offset that volume drop by pushing upmarket: average selling price hit a record RMB 1,351, with premium devices now making up nearly a third of China sales. Rising component costs and brutal competition made that a harder win than it looks on paper.
Here's the nuance worth sitting with: cars aren't running the show yet. The phone-and-smart-device business still pulled in over three times the revenue of the auto/AI segment this quarter. What's shifted isn't which business is bigger — it's which one is doing the heavy lifting on growth.
That's a meaningfully different company than the one investors got used to. Phones built the user base, the ecosystem, the brand recognition. Now that engine is working harder for smaller gains, while a business that didn't exist a few years ago is picking up real momentum.
The open question isn't whether autos saved the quarter — they didn't need to, given total revenue still cracked RMB 108.9 billion. It's whether Xiaomi can keep scaling vehicle production without diluting margins or losing the operational focus that made the phone business work in the first place.
Early innings, but the direction of travel is getting harder to ignore.
Based on Xiaomi's Q2 2026 earnings release, Aug 18, 2026. Not investment advice.
#XiaomiQ2Earnings #SandiskValuationSplit #UnitreeIPOJumps629%
$BTC $ETH $SNDK
Xiaomi put the consumer side of the memory squeeze back on the tape.
$MU $970, $SNDK $1711, and $WDC $509 are all down 4%-5% pre-market while $SOXX $541 is off 3%. $AAPL $307 is still green. Monday's Apple / China policy squeeze pushed the tape toward tighter DRAM and NAND pricing. Tuesday's move is trading the demand side back into the equation.
Xiaomi's Q2 deck showed revenue of RMB108.9 billion, adjusted net profit of RMB6.2 billion, and a 26.3% y/y drop in smartphone shipments to 31.2 million units, while smartphone ASP rose 25.9% to RMB1,351. Bloomberg and WSJ both framed the quarter around higher memory costs and weaker smartphone demand.
That matters for the memory winners because the bull case still needs AI and data-center demand to outrun consumer elasticity. If handset OEMs are already losing units while ASPs rise, Monday's Apple / China read was never enough on its own to support a clean broad rerating across $MU, $SNDK, and $WDC.
The near-term debate is whether this stays a one-day giveback after a crowded squeeze or turns into a cleaner split between AI-backed memory pricing and consumer-device demand destruction. If $MU and $SNDK stabilize while $AAPL stays firm, the tape is still saying the supply constraint wins. If the group keeps leaking after Monday's policy bid, the handset tax is back in the model.
Xiaomi's Q2 2026 results are in. Revenue reached RMB108.9 billion, surpassing RMB100 billion once again, while adjusted net profit came in at RMB6.2 billion. Global MAU climbed to a record high of 767 million, and connected devices on our AIoT platform reached 1.16 billion.
Xiaomi SkyNomad made its debut this quarter, opening a new chapter for our smart EV business. Revenue from smart EVs, AI, and other new initiatives reached RMB24.9 billion, with quarterly deliveries hitting 104,199 units.
For the 24th consecutive quarter, Xiaomi ranked among the global Top 3 in smartphones, with global ASP climbing to a new record high.
Thank you to our Xiaomi Fans around the world for your continued support.
