Duan Yongping’s unrealized loss on his Pop Mart holdings is estimated at HK$1.87 billion to HK$2.12 billion, while his actual cost basis remains unverified.

According to Hong Kong Exchanges and Clearing (HKEX) disclosures, Duan Yongping holds 106,716,000 shares of Pop Mart (09992.HK) via his investment entities, accounting for 8.01% of the company’s issued shares. At the October 27 closing price of HK$132.50, his holding is valued at approximately HK$14.14 billion. For holding costs: Jiemian News cited market estimates on October 26 that Duan’s average holding cost is around HK$150 per share; earlier, Blue Whale News estimated his total cost at about HK$152.32 per share. The paper losses corresponding to the two cost estimates are roughly HK$1.868 billion and HK$2.115 billion, with loss ratios of 11.67% and 13.01% respectively. Purchase breakdown: - May 25: Bought 9.8232 million shares at an average price of HK$150 - May 28: Bought 4.66 million shares at an average price of HK$162.5 - July 6: Bought 10.59 million shares at around HK$150 per share - September 1: Added 1 million shares at an average price of HK$155 The first three large-scale purchases total around 25.07 million shares, with a total investment of approximately HK$3.816 billion and a weighted average price of about HK$152.4. It should be noted that the above figures are book calculations based on media-estimated costs, not Duan Yongping’s publicly disclosed investment gains or losses. As part of his base position comes from options trading, the full holding cost cannot be independently verified via public information. Pop Mart (09992.HK) announced that its unaudited overall revenue for Q3 2026 decreased by 45%-50% year-on-year versus Q3 2025. By region: China revenue fell 25%-30% YoY, Asia-Pacific revenue dropped 65%-70% YoY, Americas revenue decreased 70%-75% YoY, and Europe and other regions revenue fell 50%-55% YoY. By channel: China offline channel revenue declined 5%-10% YoY, while online channel revenue dropped 45%-50% YoY.