Gelonghui, April 22丨Bubble Mart (09992.HK) announced that the overall revenue for the first quarter of 2024 (unreviewed) increased 40%-45% year over year in the first quarter of 2023. Among them, revenue from mainland China increased 20%-25% year on year, and revenue from Hong Kong, Macao, Taiwan and overseas increased 245%-250% year on year.
Revenue from various channels in mainland China in the first quarter of 2024 (unreviewed) compared with the first quarter of 2023 was: (1) retail stores increased 20%-25% year over year; (2) robot stores increased 15%-20% year over year; (3) Bubble Mart boxers increased 0%-5% year over year; (4) e-commerce platforms and other online platforms increased 20%-25% year over year (of which Douyin flagship store increased 95%-100% year over year, Tmall flagship store increased 0% to 5% year on year); and (5) wholesale and other channels increased 50%-5% year over year.