Duan Yongping: Bubble Mart probably won't be sold within 10 years (09992)

The Zhitong Finance App learned that on July 23, well-known investor Duan Yongping made the latest statement on his investment strategy for Bubble Mart (09992), clearly stating that “it probably won't be sold within 10 years.” At the same time, he revealed his latest move: he will sell put options for Space X, Tesla, and Palantir in the near future, and said he will continue to increase the holdings of Google and Berkshire to maintain Nvidia's size.

This statement is in line with his previously revealed investment logic. Duan Yongping said on social media platforms on July 10 that Bubble Mart is currently a company with a market capitalization of around HK$200 billion. Last year, it already made a profit of 13 billion yuan. The business model has already worked, the corporate culture is very good, and the average annual profit for the next 10 to 20 years will probably not be lower than it is now. He also believes that from the perspective of the next 10 years, Maotai is more stable and Bubble Mart has more room to appreciate in value.

Since 2026, Duan Yongping has publicly increased his holdings in Bubble Mart three times through H&H International Investments under his control. The latest number of shares held reached about 102 million shares, and the shareholding ratio has risen to 7.65%. According to the rights disclosed by the Hong Kong Stock Exchange, Duan Yongping has become Bubble Mart's second-largest shareholder after founder Wang Ning.