One-Stop Financial Services, uSMART Securities Pte Ltd

uSMART Securities

uSMART Securities (Singapore) Pte. Ltd (uSMART SG),is a leading securities company regulated by MAS and we hold a Capital Markets Services (CMS) License under the Securities and Futures Act 2001. We provide smart, professional and outstanding one-stop financial services to our clients, to best serve investors' needs and investment journey.

One-Stop Financial Services

uSMART Securities Pte Ltd

Equity Bottom-Up

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<li>Pop Mart has established itself as a global leader in the designer toy industry, achieving high growth and profitability through its proprietary IP portfolio, blind box sales model, and an omnichannel strategy that integrates both online and offline operations.</li>
<li>In 2024, revenue surged 106.9% YoY to RMB 13.04 billion, with a record-high gross margin of 66.8%. Core IPs such as Labubu and Molly drove sales momentum and brand visibility, pushing membership to 46.08 million, with a repurchase rate of 49.4% and members contributing 92.7% of total sales.</li>
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<strong>Strategically</strong>, the company focuses on an “IP + blind box” emotional consumption model, cultivating a strong collectible culture.</li>
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Pop Mart has established itself as a global leader in the designer toy industry, achieving high growth and profitability through its proprietary IP portfolio, blind box sales model, and an omnichannel strategy that integrates both online and offline operations.
In 2024, revenue surged 106.9% YoY to RMB 13.04 billion, with a record-high gross margin of 66.8%. Core IPs such as Labubu and Molly drove sales momentum and brand visibility, pushing membership to 46.08 million, with a repurchase rate of 49.4% and members contributing 92.7% of total sales.

Strategically, the company focuses on an “IP + blind box” emotional consumption model, cultivating a strong collectible culture.


Pop Mart (9992.HK): A Global Leader in the Designer Toy Industry