Shares of Chinese toy maker Pop Mart International Group Ltd. rose the most in nearly four months on Wednesday, after Chief Executive Officer Wang Ning said the company could easily surpass its annual sales projection and announced plans to launch a new mini Labubu doll.

Pop Mart chief executive Wang Ning said his toy company was on track to meet its targeted revenue goal of 20 billion yuan (€2.4 billion) in 2025 and that "30 billion yuan this year should also be quit...