Core Viewpoint - Miniso's stock price increased by 20.16% on August 23, reaching $26.64 per share, with a trading volume of $152 million and a total market capitalization of $8.276 billion [1] Financial Performance - As of June 30, 2025, Miniso reported total revenue of 9.393 billion RMB, representing a year-on-year growth of 21.06% [1] - The company's net profit attributable to shareholders was 906 million RMB, showing a year-on-year decrease of 22.57% [1] Analyst Ratings - On August 22, Miniso received a maintained "Buy" rating from Haitong International, with the target price raised to $27.3 [1] Company Overview - Miniso Group Holding Limited is a global retailer offering a wide range of creative home products [1] - Since opening its first store in China in 2013, the company has successfully launched two brands: Miniso and TOP TOY [1] - According to a Frost & Sullivan report, Miniso's product GMV through its store network reached approximately 18 billion RMB (2.8 billion USD) in 2021, making it the largest private label home goods retailer globally [1] - TOP TOY, launched in December 2020, is a brand that pioneers the concept of trendy toy collection stores [1]

Core Viewpoint - Miniso (MNSO.US) experienced a significant stock increase of over 12%, closing at $24.91, following the release of its financial report for the first half of 2025, which showed a revenue growth of 21.1% year-on-year [1] Financial Performance - For the first half of 2025, Miniso reported a revenue of 9.393 billion RMB, reflecting a year-on-year increase of 21.1% [1] - The profit attributable to equity shareholders was 906 million RMB, which represents a decline of 22.6% year-on-year [1] - Basic earnings per share were reported at 0.74 RMB [1] - The company declared an interim cash dividend of $0.2896 per American Depositary Share or 0.0724 RMB per ordinary share [1] Quarterly Highlights - In the second quarter, Miniso achieved a revenue of 4.97 billion RMB, marking a year-on-year growth of 23.1%, surpassing the management's previous guidance of 18%-21% [1] - Adjusted net profit for the second quarter increased by 10.6% year-on-year to 690 million RMB [1] - Revenue from TOP TOY surged by 87.0%, setting a new record [1] Sales Growth - The company’s Executive Director and Chairman, Ye Guofu, indicated that same-store sales in mainland China turned positive in the second quarter and are expected to accelerate further into the third quarter [1] - Miniso anticipates positive same-store sales growth for the entire year in mainland China [1]

Investment Rating - The investment rating for Miniso (9896.HK) is not explicitly stated in the provided documents, but the report indicates a positive outlook based on performance metrics and growth expectations. Core Insights - Miniso's H1 2025 performance exceeded expectations with revenue of CNY 9.393 billion, a year-on-year increase of 21.1%, and adjusted net profit of CNY 1.279 billion, up 3% [1] - In Q2 2025, the company achieved revenue of CNY 4.966 billion, a 23.1% increase, surpassing the previous guidance of 18-21% [1] - The adjusted operating profit for Q2 2025 was CNY 0.852 billion, reflecting an 8.5% increase, with an adjusted operating profit margin of 17.2% [1] Summary by Sections Financial Performance - For H1 2025, Miniso reported revenue of CNY 9.393 billion, with an adjusted operating profit of CNY 1.587 billion and an adjusted net profit of CNY 1.279 billion [1] - Q2 2025 revenue reached CNY 4.966 billion, with adjusted net profit at CNY 0.692 billion, marking a 10.6% increase year-on-year [1] - The adjusted net profit margin for Q2 2025 was 13.9%, down 1.6 percentage points year-on-year [1] Store Performance - Significant improvement in same-store sales was noted, with the Miniso brand achieving flat same-store sales, while revenue from the Miniso brand increased by 19.5% to CNY 4.563 billion in Q2 2025 [2] - The number of Miniso stores reached 7,612 by June 30, 2025, with 4,305 in mainland China and 3,307 overseas [2] Cost and Profitability - The gross margin for Q2 2025 was 44.3%, an increase of 0.4 percentage points year-on-year, attributed to higher overseas revenue contribution and improved margins from the Top Toy brand [3] - Sales and distribution expenses rose by 40.4% due to investments in direct stores and strategic overseas market expansion [3] Future Projections - Revenue projections for 2025-2027 are CNY 21.5 billion, CNY 25.5 billion, and CNY 29.6 billion, representing growth rates of 27%, 19%, and 16% respectively [4] - Expected net profit for 2025 is CNY 2.312 billion, reflecting a 12% decrease, followed by increases of 32% and 23% in subsequent years [4]

Core Viewpoint - Miniso (MNSO.US) experienced a significant increase of over 12%, closing at $24.91, following the release of its financial report for the first half of 2025, which showed a revenue growth of 21.1% year-on-year [1] Financial Performance - For the first half of 2025, Miniso achieved a revenue of 9.393 billion RMB, reflecting a year-on-year increase of 21.1% [1] - The company's profit attributable to equity shareholders was 906 million RMB, which represents a decline of 22.6% year-on-year [1] - Basic earnings per share for ordinary shares were reported at 0.74 RMB [1] Dividend Distribution - Miniso declared an interim cash dividend of $0.2896 per American Depositary Share or 0.0724 RMB per ordinary share [1] Quarterly Performance - In the second quarter, Miniso recorded a revenue of 4.97 billion RMB, marking a year-on-year growth of 23.1%, surpassing the management's previous guidance of 18%-21% [1] - Adjusted net profit for the second quarter increased by 10.6% year-on-year to 690 million RMB, with TOP TOY's revenue surging by 87.0%, setting a new record [1] Sales Growth Outlook - The Executive Director and Chairman of Miniso, Ye Guofu, indicated that same-store sales in mainland China turned positive in the second quarter and are expected to accelerate further into the third quarter [1] - The company anticipates positive same-store sales growth for the entire year in mainland China [1]

智通财经APP获悉，周五，热门中概股集体冲高，名创优品(MNSO.US)大涨12%，蔚来(NIO.US)涨逾 7%，金山云(KC.US)涨逾5%，拼多多(PDD.US)、阿里巴巴(BABA.US)涨逾3%，小鹏汽车(XPEV.US)涨 逾2%。 ...

Core Viewpoint - Miniso (MNSO) experienced a significant stock price increase of 9.88% on August 22, closing at $24.36 per share, with a total market capitalization of $7.568 billion [1] Financial Performance - As of June 30, 2025, Miniso reported total revenue of 9.393 billion RMB, reflecting a year-on-year growth of 21.06% [1] - The company's net profit attributable to shareholders was 906 million RMB, which represents a year-on-year decrease of 22.57% [1] Analyst Ratings - On August 22, Miniso received a maintained "Buy" rating from Haitong International, with the target price raised to $27.3 [1] Company Overview - Miniso Group Holding Limited is a global retailer offering a wide range of creative home products. Since opening its first store in China in 2013, the company has successfully launched two brands: Miniso and TOP TOY [1] - According to a report by Frost & Sullivan, in 2021, Miniso's product GMV through its store network totaled approximately 18 billion RMB (2.8 billion USD), making it the largest private label home goods retailer globally [1] - TOP TOY, a new brand launched in December 2020, is recognized as a pioneer in the trendy toy concept store market [1]

Core Viewpoint - Miniso (MNSO) experienced a stock price increase of 10.46% on August 22, closing at $24.49 per share, with a total market capitalization of $7.608 billion [1] Financial Performance - As of June 30, 2025, Miniso reported total revenue of 9.393 billion RMB, reflecting a year-on-year growth of 21.06% [1] - The company's net profit attributable to shareholders was 906 million RMB, showing a year-on-year decrease of 22.57% [1] Analyst Ratings - On August 22, Miniso received a maintained "Buy" rating from Haitong International, with the target price raised to $27.30 [1] Company Overview - Miniso Group Holding Limited is a global retailer offering a wide range of creative home products, having opened its first store in China in 2013 [1] - Over nine years, the company has successfully incubated two brands: Miniso and TOP TOY [1] - According to a Frost & Sullivan report, Miniso's product GMV through its store network reached approximately 18 billion RMB (2.8 billion USD) in 2021, making it the largest private label home goods retailer globally [1] - TOP TOY, launched in December 2020, is a pioneering brand in the trendy toy collection store concept [1]

Core Viewpoint - MINISO's CEO Ye Guofu announced a dual-driven strategy of "International IP + Own IP," emphasizing the potential for growth once the company's own IP is strengthened [2][10]. Financial Performance - In the first half of the year, MINISO achieved revenue of 9.393 billion yuan, a year-on-year increase of 21.1%, while profit decreased by 23.1% to 906 million yuan due to investment losses in Yonghui Superstores [4]. - The gross profit increased by 22.6% to 4.157 billion yuan, with the second quarter showing a revenue growth rate of 23.1%, surpassing the previous guidance of 18% to 21% [4]. - Revenue from the domestic market reached 5.11 billion yuan, growing 11.4%, with a second-quarter growth rate of 13.6% [4]. International Market Expansion - The overseas market contributed 3.53 billion yuan in revenue, a year-on-year increase of 29.4%, with the second quarter's revenue at 1.94 billion yuan, growing 28.6% [6]. - The U.S. market saw revenue growth exceeding 80%, and same-store sales showed improvement [6]. Store Growth and Strategy - As of the end of June, MINISO had a total of 7,905 stores, with a net increase of 842 stores year-on-year, including 190 new stores in the domestic market and 554 overseas [7]. - The company plans to add over 500 overseas stores by 2025 while focusing on store quality rather than quantity [7]. Future Projections - MINISO raised its full-year revenue growth guidance to over 25%, up from the initial 22.8% [9]. - The adjusted operating profit for the year is expected to be between 3.65 billion and 3.85 billion yuan [9]. IP Development Strategy - Ye Guofu highlighted the importance of developing the company's own IP, stating that the previous reliance on international IP was insufficient [10]. - The first self-owned IP, "Right Right Sauce," is projected to achieve sales of 400 million yuan this year and exceed 1 billion yuan next year [11]. - Other IPs, such as TOP TOY's "Kuromi," are also expected to see significant revenue growth, indicating a successful model for self-owned IP development [11].

Core Viewpoint - MINISO has recorded a profit decline for the first time in four years, primarily due to losses from its investment in Yonghui Supermarket, but management remains optimistic about operational performance and growth prospects [2][4][5]. Financial Performance - For the first half of 2025, MINISO achieved revenue of 9.393 billion yuan, a year-on-year increase of 21.1%, and operating profit of 1.546 billion yuan, up 3.4%. However, net profit fell to 906 million yuan, a decrease of 23.1% [2][4]. - Yonghui Supermarket reported total revenue of 29.948 billion yuan, down 20.73%, with a net loss of 241 million yuan for the same period [4][5]. - MINISO's management highlighted that the loss from Yonghui Supermarket impacted profits by 119 million yuan, mainly from the shareholding proportion [5]. Operational Highlights - MINISO's same-store sales showed positive growth, and domestic business performance exceeded expectations, while overseas expansion continued steadily [2][6]. - As of June 30, 2025, MINISO had a total of 7,612 stores globally, with 4,305 in mainland China and 3,307 overseas, reflecting a net increase of 30 and 94 stores respectively in the second quarter [6][11]. Future Growth Expectations - Management expects group revenue to grow by 25%-28% in the third quarter, with adjusted operating profit projected to increase by double digits [6][7]. - For the full year 2025, MINISO anticipates revenue growth of no less than 25%, surpassing previous expectations of 22.8% [6][7]. IP Development Strategy - MINISO is focusing on developing its own IP, aiming to replicate the success of Pop Mart, and has signed contracts with nine promising original toy artists [8][10]. - The company plans to enhance its product development, marketing, and channel advantages through self-owned IP, aiming for global influence [9][10]. Market Positioning - MINISO's expansion strategy relies heavily on a partner system, contrasting with Pop Mart's more restrained approach to store growth [11][12]. - The company is implementing a strategy of opening larger stores, with significant sales performance reported from its MINISO LAND flagship store [12][13].

Exhibit 99.3 (A company incorporated in the Cayman Islands with limited liability) (Stock Code: 9896) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2025 The board (the "Board") of directors (the "Directors") of MINISO Group Holding Limited (the "Company") is pleased to announce the interim consolidated results of the Company and its subsidiaries (the "Group") for the six months ended June 30, 2025 (the "Reporting Period"), together with the comparative figures for the corresponding period i ...