Pop Mart COO Si De: Full-Year Sales Expected to Grow Year-on-Year

The signal here is less the growth expectation itself than where management is placing its emphasis: a healthy domestic base, a fourth-quarter push, and groundwork for next year, all framed on an earnings call. That ordering suggests the China business is being positioned as the stable anchor while the company manages seasonal demand and forward planning. What's worth watching is whether the fourth-quarter peak season delivers against that framing, since the full-year growth target now leans on it.