(Yicai) Oct. 23 -- Shares of Pop Mart International Group surged after the leading Chinese maker of toy collectibles said its overseas revenue has jumped by as much as 445 percent in the third quarter of this year.

Pop Mart [HKG: 9992] finished 18.5 percent higher at HKD75.20 (USD9.68) a share today, after climbing by as much as 20 percent at one point. The benchmark Hang Seng Index gained 1.3 percent.

Income from overseas markets soared 440 percent to 445 percent in the three months ended Sept. 30 from a year earlier, the Beijing-based company said in a financial report yesterday. Total revenue rose 120 percent to 125 percent.

Pop Mart's revenue from retail stores climbed 30 percent to 35 percent, from robot shops rose 20 percent to 25 percent, and from blind box machines soared 55 percent to 60 percent. Income from its shops on e-commerce platforms such as Tmall and Douyin, the Chinese version of TikTok, more than doubled, with its Tmall flagship store having the fastest growth.

For the first half of this year, Pop Mart's operating profit in China surged 77 percent to CNY890 million (USD120 million), while its revenue jumped 32 percent to CNY3.2 billion (USD450 million). Overseas' operating profit soared 407 percent to CNY400 million and revenue rose 260 percent to CNY1.5 billion.

As an integrated platform in the trendy toy supply chain, Pop Mart possesses strong intellectual property development and operational capabilities, according to a new research report by Huaxi Securities. The accelerated expansion of its channels contributes to high global growth potential.

Nomura Holdings raised its share price target for Pop Mart by 39 percent to HKD75 from HKD54, with a 'buy' rating. The toy maker's third-quarter performance far exceeded the already high domestic and international sales expectations, with significant potential to surpass the 60 percent annual sales growth forecast for the fiscal year, the Tokyo-based financial services firm pointed out.

Editor: Martin Kadiev