Pop Mart (09992.HK): Overall revenue for the third quarter of 2026 is expected to decrease by 45%-50% year-on-year compared to the third quarter of 2025. Specifically, revenue in China is expected to decrease by 25%-30% year-on-year, in the Asia-Pacific region by 65%-70%, in the Americas by 70%-75%, and in Europe and other regions by 50%-55%.