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泡泡玛特(Pop Mart)2026年1月现状速览 作为Labubu(拉布布)背后的全球潮玩巨头,泡泡玛特正从2025年的“爆款狂飙”转向可持续全球化阶段。 • 股价动态:港股代码09992,近期震荡反弹,1月6日左右一度涨4.49%报205港元(当前约196-205港元区间),但较8月历史高点339.6港元仍回调超40%。机构如花旗维持“买入”、目标415港元,大摩“增持”325港元,看好IP多元化。 • 业务亮点:海外扩张猛烈!新增墨西哥、柬埔寨、印尼生产基地,降低物流成本、满足北美需求。加拿大温哥华首店开业两天引发抢购热潮,海外营收占比已超40%。