TOP TOY anticipates third listed company with TOPTOY re-submission, net profit decline last year

China’s trend toy market is rapidly expanding as emotional consumption rises. By 2025, the industry value had soared from 249 billion yuan in 2020 to 875 billion yuan, fueled by a staggering 28.6% compound annual growth rate. In this arena, TOP TOY, born out of the Miniso system, has swiftly emerged as China’s largest and fastest-growing toy brand conglomerate. With a Hong Kong IPO in the cards, TOP TOY plans to capitalize on diversified IP matrices, enhance global retail networks, strengthen branding, and fortify supply chain capabilities. A successful IPO would mark founder Yeh Guofu’s third listed company, following Miniso…