<p>最近，泡泡玛特 (09992.HK) +3.500 (+2.285%) 空头头寸为 2.5426 亿；比例 17.756% 的跨行业扩展进入家电领域持续吸引市场关注。尽管产品尚未正式上市，但 LABUBU 冰箱在二手交易平台上的报价已被抬高数倍。根据《证券时报》援引接近泡泡玛特的消息来源，该公司并不是以传统意义进入家电行业，而是将迷你冰箱和类似产品作为表达其知识产权（IP）的新载体。基于其在主题公园、配件、甜点和积木等领域的先前商业路径，泡泡玛特对新业务的探索旨在进一步拓宽其知识产权的创新表达，使公司能够以更丰富的形式融入消费者的日常生活。该消息来源指出，从收益的角度来看，该举措仍处于非常早期的阶段，短期内不会对收益增量产生显著影响。（wl/u）</p>
<p>（香港股票报价延迟至少 15 分钟。空头数据截至 2026-04-29 12:25。）</p>
<p>本文由 AI 自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用此翻译而产生的任何损害或损失不承担任何责任。</p>

泡泡玛特

<p>泡泡玛特正在扩展到家电领域，特别是迷你冰箱，但并不是以传统的方式。该公司旨在利用这些产品来表达其知识产权（IP），而不是以竞争的方式进入市场。尽管市场对此有兴趣，但该计划仍处于早期阶段，预计在短期内不会对收益产生显著影响。空头头寸数据显示比例为 17.756%，最近股价上涨了 2.285%</p>

<p>Recently, POP MART (09992.HK) +3.500 (+2.285%)  Short selling $254.26M; Ratio 17.756%  's cross-sector expansion into home appliances has continued to attract market attention. Although the products have not yet officially gone on sale, LABUBU refrigerators are being quoted at premiums of several times on second-hand trading platforms. According to Securities Times, citing a source close to POP MART, the company is not entering the home appliance industry in the traditional sense, but is instead using mini refrigerators and similar products as new carriers for expressing its intellectual property (IP). Based on its previous business paths in theme parks, accessories, desserts and building blocks, POP MARTs exploration of new businesses aims to further broaden innovative expressions of its IP, enabling the company to integrate into consumers daily lives in more diverse forms. The source noted that from an earnings perspective, the initiative is still at a very early stage and will not have a significant impact on earnings increment in the short term. (wl/u)</p>
<div class="lb-trans"><p>最近，泡泡玛特 (09992.HK) +3.500 (+2.285%) 空头头寸为 2.5426 亿；比例 17.756% 的跨行业扩展进入家电领域持续吸引市场关注。尽管产品尚未正式上市，但 LABUBU 冰箱在二手交易平台上的报价已被抬高数倍。根据《证券时报》援引接近泡泡玛特的消息来源，该公司并不是以传统意义进入家电行业，而是将迷你冰箱和类似产品作为表达其知识产权（IP）的新载体。基于其在主题公园、配件、甜点和积木等领域的先前商业路径，泡泡玛特对新业务的探索旨在进一步拓宽其知识产权的创新表达，使公司能够以更丰富的形式融入消费者的日常生活。该消息来源指出，从收益的角度来看，该举措仍处于非常早期的阶段，短期内不会对收益增量产生显著影响。（wl/u）</p>
</div><p>(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 12:25.)</p>
<div class="lb-trans"><p>（香港股票报价延迟至少 15 分钟。空头数据截至 2026-04-29 12:25。）</p>
</div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p>
<div class="lb-trans"><p>本文由 AI 自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用此翻译而产生的任何损害或损失不承担任何责任。</p>
</div>

POP MART  Source: Not Entering Home Appliance Sector in Traditional Sense, Basically No Impact on Earnings Increment

- POP MART 进入家电领域的跨行业扩展引发市场关注。  
- LABUBU 冰箱在二手交易平台上以溢价报价。  
- 此举仍处于早期阶段，短期内对收益影响不大。

泡泡玛特消息来源：不以传统方式进入家电行业，对收益增长基本没有影响