Pop Mart 2026 third-quarter revenue declined year-on-year 45% -50%, while Duan Yongping’s estimated unrealized loss on his holdings is approximately 1870000000 to 2120000000 Hong Kong dollars

AT A GLANCE

Duan Yongping’s Pop Mart position is estimated to have an unrealized loss of 1870000000 to 2120000000 Hong Kong dollars, but the actual cost basis cannot yet be verified.

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Duan Yongping’s estimated unrealized loss on his Pop Mart holdings is approximately 1870000000 to 2120000000 Hong Kong dollars; the actual cost basis cannot yet be verified

BlockBeats reported that October 27, according to HKEX disclosures of interests, Duan Yongping holds Pop Mart (through an investment entity under his control (09992.HK）106,716,000 shares, representing 8.01%of its issued shares. Based on a October 27 share price of 132.50 Hong Kong dollars, the market value of his holdings is approximately 14140000000 Hong Kong dollars.

Regarding the cost basis, Jiemian News October 26 cited market estimates stating that Duan Yongping’s blended cost basis is approximately 150 Hong Kong dollars per share; Blue Whale News previously estimated his blended cost at approximately 152.32 Hong Kong dollars per share. The unrealized losses under these cost-basis calculations are approximately 1868000000 Hong Kong dollars and 2115000000 Hong Kong dollars, respectively, representing unrealized loss ratios of approximately 11.67%and 13.01%. Specifically:

-May 25: purchased 9823200 shares at an average price of 150 Hong Kong dollars.

-May 28: purchased 4660000 shares at an average price of 162.5 Hong Kong dollars.

-July 6: purchased 10590000 shares, calculated at approximately 150 Hong Kong dollars per share.

-September 1: added 1000000 shares at an average price of 155 Hong Kong dollars.

The first large purchases total approximately 25070000 shares, involving an investment of approximately 3816000000 Hong Kong dollars, at a weighted average price of approximately 152.4 Hong Kong dollars.

It should be noted that the above figures are book calculations based on media-estimated cost bases, rather than investment gains or losses actually disclosed by Duan Yongping. As part of his initial position came from options transactions, the complete cost basis cannot yet be independently verified from public information.

Pop Mart (09992.HK) announced that 2026 its overall revenue for the third quarter of 2025(unaudited) declined year-on-year by 45% -50%; revenue in China declined year-on-year by 25% -30%, revenue in Asia-Pacific declined year-on-year by 65% -70%, revenue in the Americas declined year-on-year by 70% -75%, and revenue in Europe and other regions declined year-on-year by 50% -55%. Revenue from offline channels in China declined year-on-year by 5% -10%, while revenue from online channels declined year-on-year by 45% -50%.

Original link https://m.theblockbeats.info/flash/373938

Key points

HKEX disclosures of interests show that Duan Yongping holds 106,716,000 Pop Mart shares through an investment entity under his control, representing 8.01%。
Based on a October 27 share price of 132.50 Hong Kong dollars, the market value of these holdings is approximately 14140000000 Hong Kong dollars.
Based on media-estimated blended cost bases of 150 Hong Kong dollars and 152.32 Hong Kong dollars, the unrealized losses are approximately 1868000000 Hong Kong dollars and 2115000000 Hong Kong dollars, respectively.
Pop Mart announced that 2026 its overall third-quarter revenue was unaudited and declined year-on-year by 45% -50%。
Revenue in China declined year-on-year by 25% -30%, revenue in Asia-Pacific declined year-on-year by 65% -70%, revenue in the Americas declined year-on-year by 70% -75%, and revenue in Europe and other regions declined year-on-year by 50% -55%。
Revenue from offline channels in China declined year-on-year by 5% -10%, while revenue from online channels declined year-on-year by 45% -50%。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Public disclosures show that Duan Yongping holds a sizable Pop Mart position. As the October 27 share price is below the media-estimated cost basis of the holdings, different estimation methodologies result in substantial unrealized losses. Meanwhile, Pop Mart disclosed a decline in third-quarter revenue, but the relevant data remain unaudited.

Why it matters to readers

This involves both estimated book-value changes in a large position and declines in Pop Mart’s revenue across multiple regions and its online channels.

An unrealized book loss does not mean an actual loss has already been incurred; the true profit or loss can only be confirmed upon sale or once complete cost information is available. The company's earnings data are also labeled unaudited, and subsequent official figures may differ.

Risks and unknowns

Duan Yongping's actual holding cost and investment profit or loss cannot yet be independently verified through public information.
Part of the underlying position originated from options trading, and the complete holding cost cannot yet be confirmed.
The unrealized loss figures are media estimates, not investment profit or loss actually disclosed by Duan Yongping.
Pop Mart's third-quarter earnings data are unaudited.

Pop Mart 2026 third-quarter revenue declined year-on-year 45% -50%, while Duan Yongping’s estimated unrealized loss on his holdings is approximately 1870000000 to 2120000000 Hong Kong dollars

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