MINISO Group Holding Limited
MNSO
ISIN US66981J1025 / Valor 57397926
MINISO Group Holding Limited
UMushroom community rating:
About company
MINISO Group Holding Limited is a global value retailer that offers a variety of trendy lifestyle products featuring IP design. The company operates in the retail industry, providing customers with a wide range of affordable and stylish products. With a focus on offering value to consumers, MINISO Group Holding Limited aims to provide customers with high-quality products at competitive prices.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (22.12.2024):
Revenue Growth
For the quarter ended June 30, 2024, MINISO Group Holding Limited reported a significant revenue increase of 24.1% year over year, reaching RMB4,035.2 million (US$555.3 million). This marks the first time the company's revenue has surpassed RMB4 billion in a single quarter.
Profitability
MINISO Group's gross profit for the June Quarter of 2024 increased by 36.9% year over year to RMB1,773.3 million (US$244.0 million), with a record high gross margin of 43.9%, compared to 39.8% in the same period of 2023. Operating profit also saw an 8.9% increase, amounting to RMB751.5 million (US$103.4 million).
Net Profit
The company's profit for the period increased by 8.1% year over year to RMB591.4 million (US$81.4 million). Adjusted net profit rose by 9.4% to RMB625.0 million (US$86.0 million), despite a net foreign exchange loss of RMB4.2 million (US$0.6 million) during the quarter.
First Half Performance
In the first half of 2024, MINISO Group's revenue increased by 25.0% year over year to RMB7,758.7 million (US$1,067.6 million). The gross profit for this period rose by 37.9% to RMB3,389.8 million (US$466.5 million), with a gross margin of 43.7%.
Store Expansion
As of June 30, 2024, MINISO Group operated 6,868 stores globally, with a net opening of 455 new stores in the first half of 2024. This includes 189 new stores in mainland China and 266 in overseas markets, reflecting the company's strategic focus on global expansion.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7752 M
Market cap (USD)
161,913
Daily traded volume (Shares)
25.05 / 24.71
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Jana Jauslin
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