[Pop Mart Wang Ning: This year's 20% performance target set at the beginning of the year is unlikely to be achieved] According to a report by Jinse Finance, as cited by 'Sci-Tech Innovation Board Daily' on the 20th, Pop Mart founder Wang Ning stated during today's performance briefing that this year's 20% performance target set at the beginning of the year is unlikely to be achieved. The company had previously set a guidance for achieving 20% revenue growth by 2026. The high performance base from last year has brought certain pressures to this year, with the pressure in the second half of the year being greater than in the first half. The company has positioned 2026 as a year for operational adjustments, with boosting sales not being the primary goal.