Pop Mart (09992.HK) chairman Wang Ning said on the company’s Aug. 20
interim-results call that management had previously set a 20% revenue growth
target for 2026. A high base from last year is creating pressure this year, with
H2 expected to be more challenging than H1. Management is treating 2026 as a
year of operational adjustment; lifting sales is not the top priority and
company governance is improving.