Pop Mart International Group (POPMART) balance sheet

HKSE · Consumer Cyclical · Leisure · 12,056 employees · CEO Ning Wang

Price: HK$136.40 +1.11%
Market cap: HK$180B
Enterprise value: CN¥144B
Last report: Q2 '26 filed 2026-06-30
Next report: 2027-03-31

At the end of Q2 '26 Pop Mart International Group (POPMART) held CN¥14B in cash and short-term investments against CN¥3.73B of debt incl. leases. Total assets CN¥31B, total liabilities CN¥7.74B, shareholders' equity CN¥23.1B.

Balance sheet

Balance sheet	Q4 '20	Q2 '21	Q4 '21	Q2 '22	Q4 '22	Q2 '23	Q4 '23	Q2 '24	Q4 '24	Q2 '25	Q4 '25	Q2 '26
Assets
Cash & equivalents	CN¥5.68B	CN¥1.5B	CN¥5.26B	CN¥1.08B	CN¥685M	CN¥1.47B	CN¥2.08B	CN¥3.61B	CN¥6.11B	CN¥11.9B	CN¥13.8B	CN¥12.4B
Short-term investments	CN¥0	CN¥4.3B	CN¥20.5M	CN¥4.1B	CN¥4.37B	CN¥4.08B	CN¥3.89B	CN¥3.4B	CN¥3.52B	CN¥1.84B	CN¥3.46B	CN¥1.53B
Receivables	CN¥80.5M	CN¥253M	CN¥178M	CN¥330M	CN¥238M	CN¥383M	CN¥321M	CN¥264M	CN¥544M	CN¥972M	CN¥922M	CN¥627M
Inventory	CN¥225M	CN¥316M	CN¥789M	CN¥957M	CN¥867M	CN¥759M	CN¥905M	CN¥1.02B	CN¥1.52B	CN¥2.27B	CN¥5.48B	CN¥6.1B
Other current assets	CN¥116M	CN¥234M	CN¥200M	CN¥243M	CN¥241M	CN¥561M	CN¥272M	CN¥274M	CN¥111M	CN¥828M	CN¥1.28B	CN¥1.39B
Current assets	CN¥6.26B	CN¥6.68B	CN¥6.76B	CN¥6.84B	CN¥6.62B	CN¥7.08B	CN¥7.68B	CN¥8.72B	CN¥12.2B	CN¥17.9B	CN¥24.9B	CN¥22.1B
Property, plant & equipment (net)	CN¥526M	CN¥673M	CN¥1.01B	CN¥1.06B	CN¥1.15B	CN¥1.13B	CN¥1.39B	CN¥1.42B	CN¥1.67B	CN¥2.31B	CN¥4.21B	CN¥5.37B
Long-term investments	CN¥67.3M	-CN¥4.17B	CN¥370M	-CN¥3.56B	-CN¥3.83B	-CN¥3.51B	CN¥579M	CN¥543M	CN¥549M	CN¥529M	CN¥742M	CN¥1.21B
Goodwill	CN¥112K	CN¥111K	CN¥101K	CN¥98K	CN¥104K	CN¥103K	CN¥103K	CN¥99K	CN¥94K	CN¥71.9M	CN¥69.7M	CN¥67.2M
Intangible assets	CN¥92.6M	CN¥90.1M	CN¥134M	CN¥119M	CN¥146M	CN¥122M	CN¥116M	CN¥123M	CN¥135M	CN¥207M	CN¥139M	CN¥169M
Deferred tax assets	CN¥23.1M	CN¥25.9M	CN¥35.6M	CN¥30.6M	CN¥81M	CN¥90M	CN¥83.4M	CN¥96.9M	CN¥147M	CN¥333M	CN¥1.75B	CN¥1.81B
Other non-current assets	CN¥6.18M	CN¥4.33B	CN¥20.5M	CN¥4.1B	CN¥4.41B	CN¥4.16B	CN¥120M	CN¥220M	CN¥284M	CN¥461M	CN¥275M	CN¥307M
Non-current assets	CN¥715M	CN¥957M	CN¥1.57B	CN¥1.75B	CN¥1.96B	CN¥1.99B	CN¥2.29B	CN¥2.3B	CN¥2.63B	CN¥3.51B	CN¥7.19B	CN¥8.93B
Total assets	CN¥6.97B	CN¥7.64B	CN¥8.32B	CN¥8.59B	CN¥8.58B	CN¥9.07B	CN¥9.97B	CN¥11B	CN¥14.9B	CN¥21.4B	CN¥32.1B	CN¥31B
Liabilities
Accounts payable	CN¥116M	CN¥223M	CN¥266M	CN¥308M	CN¥259M	CN¥349M	CN¥445M	CN¥555M	CN¥1.01B	CN¥1.63B	CN¥1.86B	CN¥905M
Accrued expenses	CN¥172M	CN¥178M	CN¥255M	CN¥233M	CN¥352M	CN¥428M	CN¥509M	CN¥650M	CN¥1.02B	CN¥546M	CN¥348M	CN¥0
Short-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥15.1M	CN¥0	CN¥0	CN¥0	CN¥587M	CN¥666M
Taxes payable	CN¥88.2M	CN¥106M	CN¥125M	CN¥73.7M	CN¥62.8M	CN¥165M	CN¥194M	CN¥0	CN¥652M	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥352M	CN¥0	CN¥0	CN¥0	CN¥393M	CN¥513M
Other current liabilities	CN¥232M	CN¥510M	CN¥315M	CN¥229M	CN¥226M	CN¥277M	CN¥413M	CN¥508M	CN¥972M	CN¥3.33B	CN¥1.87B	CN¥1.96B
Current liabilities	CN¥665M	CN¥1.09B	CN¥1.09B	CN¥1.03B	CN¥1.13B	CN¥1.35B	CN¥1.73B	CN¥2.07B	CN¥3.37B	CN¥5.92B	CN¥7.17B	CN¥4.67B
Lease obligations (non-current)	CN¥147M	CN¥209M	CN¥365M	CN¥421M	CN¥448M	CN¥386M	CN¥426M	CN¥466M	CN¥601M	CN¥996M	CN¥2.28B	CN¥3.06B
Deferred revenue (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥14.4M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred tax liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥15.1M	CN¥15.7M	CN¥14.4M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current liabilities	CN¥27.9M	CN¥24.7M	CN¥46.4M	CN¥28.2M	CN¥36.4M	CN¥27.9M	CN¥29.2M	CN¥30.5M	CN¥14.5M	CN¥7.65M	CN¥5.53M	CN¥5.27M
Non-current liabilities	CN¥175M	CN¥234M	CN¥411M	CN¥450M	CN¥484M	CN¥414M	CN¥455M	CN¥496M	CN¥616M	CN¥1B	CN¥2.28B	CN¥3.07B
Total liabilities	CN¥840M	CN¥1.33B	CN¥1.5B	CN¥1.48B	CN¥1.61B	CN¥1.76B	CN¥2.19B	CN¥2.56B	CN¥3.99B	CN¥6.93B	CN¥9.45B	CN¥7.74B
Equity
Common stock & paid-in capital	CN¥923K	CN¥923K	CN¥923K	CN¥920K	CN¥908K	CN¥891K	CN¥885K	CN¥882K	CN¥882K	CN¥882K	CN¥882K	CN¥875K
Retained earnings	CN¥939M	CN¥1.3B	CN¥1.79B	CN¥2.13B	CN¥2.27B	CN¥2.75B	CN¥3.33B	CN¥4.24B	CN¥6.4B	CN¥11B	CN¥19.2B	CN¥24.2B
Accumulated other comprehensive income	-CN¥7.42B	CN¥5.01B	-CN¥7.45B	CN¥4.98B	-CN¥7.02B	CN¥4.56B	CN¥4.44B	CN¥4.16B	-CN¥6.8B	CN¥3.21B	-CN¥6.84B	-CN¥1.13B
Shareholders' equity	CN¥6.13B	CN¥6.31B	CN¥6.82B	CN¥7.11B	CN¥6.96B	CN¥7.3B	CN¥7.77B	CN¥8.4B	CN¥10.7B	CN¥14.2B	CN¥22.3B	CN¥23.1B
Debt
Total debt (incl. leases)	CN¥292M	CN¥391M	CN¥621M	CN¥677M	CN¥741M	CN¥678M	CN¥793M	CN¥822M	CN¥965M	CN¥1.41B	CN¥2.86B	CN¥3.73B
Net debt (debt - cash)	-CN¥5.39B	-CN¥1.11B	-CN¥4.64B	-CN¥398M	CN¥55.8M	-CN¥795M	-CN¥1.29B	-CN¥2.79B	-CN¥5.14B	-CN¥10.5B	-CN¥10.9B	-CN¥8.72B

Balance sheet	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥13.6M	CN¥96.8M	CN¥325M	CN¥5.68B	CN¥5.26B	CN¥685M	CN¥2.08B	CN¥6.11B	CN¥13.8B
Short-term investments	CN¥0	CN¥50.3M	CN¥50M	CN¥0	CN¥20.5M	CN¥4.37B	CN¥3.89B	CN¥3.52B	CN¥3.46B
Receivables	CN¥7.66M	CN¥20M	CN¥51.8M	CN¥80.5M	CN¥178M	CN¥238M	CN¥321M	CN¥544M	CN¥922M
Inventory	CN¥15.5M	CN¥29.1M	CN¥96.3M	CN¥225M	CN¥789M	CN¥867M	CN¥984M	CN¥1.52B	CN¥5.48B
Other current assets	CN¥16.2M	CN¥32.3M	CN¥75M	CN¥116M	CN¥200M	CN¥241M	CN¥272M	CN¥111M	CN¥1.28B
Current assets	CN¥65.8M	CN¥255M	CN¥717M	CN¥6.26B	CN¥6.76B	CN¥6.62B	CN¥7.68B	CN¥12.2B	CN¥24.9B
Property, plant & equipment (net)	CN¥47.2M	CN¥107M	CN¥282M	CN¥526M	CN¥1.01B	CN¥1.15B	CN¥1.38B	CN¥1.67B	CN¥4.21B
Long-term investments	CN¥10.8M	-CN¥38.5M	-CN¥27.9M	CN¥67.3M	CN¥370M	-CN¥3.83B	-CN¥3.32B	CN¥549M	CN¥742M
Goodwill	CN¥0	CN¥0	CN¥0	CN¥112K	CN¥101K	CN¥104K	CN¥103K	CN¥94K	CN¥69.7M
Intangible assets	CN¥2.58M	CN¥17.6M	CN¥18.6M	CN¥92.6M	CN¥134M	CN¥146M	CN¥116M	CN¥135M	CN¥139M
Deferred tax assets	CN¥15.6M	CN¥7.77M	CN¥16.2M	CN¥23.1M	CN¥35.6M	CN¥81M	CN¥3.41B	CN¥147M	CN¥1.75B
Other non-current assets	CN¥316K	CN¥54.2M	CN¥60.4M	CN¥6.18M	CN¥20.5M	CN¥4.41B	CN¥4.11B	CN¥284M	CN¥275M
Non-current assets	CN¥76.5M	CN¥148M	CN¥350M	CN¥715M	CN¥1.57B	CN¥1.96B	CN¥2.29B	CN¥2.63B	CN¥7.19B
Total assets	CN¥142M	CN¥403M	CN¥1.07B	CN¥6.97B	CN¥8.32B	CN¥8.58B	CN¥9.97B	CN¥14.9B	CN¥32.1B
Liabilities
Accounts payable	CN¥6.36M	CN¥29.3M	CN¥49.4M	CN¥116M	CN¥266M	CN¥259M	CN¥445M	CN¥1.01B	CN¥1.86B
Accrued expenses	CN¥10.2M	CN¥28.9M	CN¥82M	CN¥172M	CN¥255M	CN¥352M	CN¥509M	CN¥1.02B	CN¥348M
Short-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥15.1M	CN¥0	CN¥587M
Taxes payable	CN¥4.54M	CN¥20.4M	CN¥78.7M	CN¥88.2M	CN¥125M	CN¥62.8M	CN¥194M	CN¥652M	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥393M
Other current liabilities	CN¥8.13M	CN¥46.7M	CN¥158M	CN¥232M	CN¥315M	CN¥226M	CN¥413M	CN¥972M	CN¥1.87B
Current liabilities	CN¥44M	CN¥145M	CN¥382M	CN¥665M	CN¥1.09B	CN¥1.13B	CN¥1.73B	CN¥3.37B	CN¥7.17B
Lease obligations (non-current)	CN¥19.4M	CN¥35.3M	CN¥90.8M	CN¥147M	CN¥365M	CN¥448M	CN¥426M	CN¥601M	CN¥2.28B
Deferred tax liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥15.1M	CN¥0	CN¥0	CN¥0
Other non-current liabilities	CN¥0	CN¥3.8M	CN¥1.32M	CN¥27.9M	CN¥46.4M	CN¥36.4M	CN¥29.2M	CN¥14.5M	CN¥5.53M
Non-current liabilities	CN¥19.4M	CN¥39.1M	CN¥92.1M	CN¥175M	CN¥411M	CN¥484M	CN¥455M	CN¥616M	CN¥2.28B
Total liabilities	CN¥63.5M	CN¥184M	CN¥474M	CN¥840M	CN¥1.5B	CN¥1.61B	CN¥2.19B	CN¥3.99B	CN¥9.45B
Equity
Common stock & paid-in capital	CN¥0	CN¥0	CN¥82K	CN¥923K	CN¥923K	CN¥908K	CN¥885K	CN¥882K	CN¥882K
Retained earnings	CN¥2.94M	CN¥92M	CN¥423M	CN¥939M	CN¥1.79B	CN¥2.27B	CN¥3.33B	CN¥6.4B	CN¥19.2B
Accumulated other comprehensive income	CN¥75.9M	CN¥116M	-CN¥7.38B	-CN¥7.42B	-CN¥7.45B	-CN¥7.02B	-CN¥6.93B	-CN¥6.8B	-CN¥6.84B
Shareholders' equity	CN¥78.8M	CN¥219M	CN¥593M	CN¥6.13B	CN¥6.82B	CN¥6.96B	CN¥7.77B	CN¥10.7B	CN¥22.3B
Debt
Total debt (incl. leases)	CN¥38.7M	CN¥75.3M	CN¥183M	CN¥292M	CN¥621M	CN¥741M	CN¥793M	CN¥965M	CN¥2.86B
Net debt (debt - cash)	CN¥25.1M	-CN¥21.5M	-CN¥141M	-CN¥5.39B	-CN¥4.64B	CN¥55.8M	-CN¥1.29B	-CN¥5.14B	-CN¥10.9B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.