Duan Yongping's Pop Mart holdings are estimated to have an unrealized loss of approximately HK$1.87 billion to HK$2.12 billion, and the actual cost cannot yet be verified.

BlockBeats news, October 27 - According to Hong Kong Stock Exchange disclosures of interests, Duan Yongping holds 106,716,000 shares of Pop Mart (09992.HK) through his investment entities, representing 8.01% of the company's issued shares. Based on the October 27 share price of HK$132.50, his holdings are valued at approximately HK$14.14 billion.

Regarding cost basis, Jiemian News on October 26 cited market estimates that Duan Yongping's blended cost center is approximately HK$150 per share; earlier, Lanjinger News estimated his blended cost at approximately HK$152.32 per share. The two cost bases imply unrealized paper losses of approximately HK$1.868 billion and HK$2.115 billion, respectively, representing paper loss ratios of approximately 11.67% and 13.01%. Specifically:

- May 25: Bought 9.8232 million shares at an average price of HK$150.

- May 28: Bought 4.66 million shares at an average price of HK$162.5.

- July 6: Bought 10.59 million shares at approximately HK$150 per share.

- September 1: Added 1 million shares at an average price of HK$155.

The first three large increases totaled approximately 25.07 million shares, with about HK$3.816 billion invested, at a weighted average price of approximately HK$152.4.

It should be noted that the above figures are paper calculations based on media-estimated costs and are not Duan Yongping's actually disclosed investment gains or losses. Because part of his base position comes from options trading, the full cost basis cannot be independently verified through public information.

Pop Mart (09992.HK) announced that overall revenue (unaudited) for the third quarter of 2026 decreased by 45%-50% year-on-year compared with the third quarter of 2025; among this, China revenue decreased by 25%-30% year-on-year, Asia-Pacific revenue decreased by 65%-70% year-on-year, Americas revenue decreased by 70%-75% year-on-year, and Europe and other regions revenue decreased by 50%-55% year-on-year. China offline channel revenue decreased by 5%-10% year-on-year, and online channel revenue decreased by 45%-50% year-on-year.