GUANGZHOU, China, Jan. 17, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that the previously announced extraordinary general meeting of the Company's shareholders (the "EGM") to seek shareholder approval for the proposed acquisition of shares of Yonghui Superstores Co., Ltd was held in Hong Kong today. All the proposed resoluti ...

Accessibility StatementSkip Navigation In recent years, the consumption needs of young consumers have evolved toward a growing demand for emotional satisfaction and self-expression. MINISO embraced the insight of "interest-driven consumption" and developed the "super IP" strategy, collaborating with more than 150 well-known IPs around the world and driving the sales of more than 800 million IP products to date. Adhering to this strategy, MINISO Thailand flagship store is a magical wonderland for shoppers to ...

Disclosure - The analyst has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [1] - The article expresses the analyst's own opinions and is not receiving compensation other than from Seeking Alpha [1] - The analyst has no business relationship with any company whose stock is mentioned in the article [1] - Seeking Alpha's disclosure states that past performance is no guarantee of future results and no investment recommendations are being given [2] - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser or investment bank [2] - The analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified by any institute or regulatory body [2]

GUANGZHOU, China, Jan. 14, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced the completion of its offering (the "Securities Offering") of equity linked securities due 2032 in the aggregate principal amount of US$550 million (the "Securities"). Security holders may exchange their Securities for cash at any time on or after the date ...

GUANGZHOU, China, Jan. 6, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced an offering (the "Securities Offering") of equity linked securities due 2032 in the aggregate principal amount of US$550 million (the "Securities"). Security holders may exchange their Securities for cash at any time on or after the date which is six years ...

Company Overview - MINISO is a global value retailer offering trendy lifestyle products featuring IP design, with a focus on aesthetically pleasing design, quality, and affordability [10] - The company operates a large network of MINISO stores worldwide, promoting a relaxing, treasure-hunting, and engaging shopping experience [10] - Since its first store opened in China in 2013, MINISO has grown into a globally recognized retail brand with a massive store network [10] Store Expansion and Strategy - MINISO has opened a new flagship store in Madrid's Gran Via, bringing its MINISO LAND store format to Spain for the first time [9] - The company aims to become the world's leading IP design retail group, with MINISO LAND being a key part of this strategy [3] - As of September 2024, MINISO has approximately 7,200 stores globally, including 260 in Europe [9] - The company plans to continue expanding its memorable in-store experiences and joyful products to more iconic locations worldwide [9] MINISO LAND Store Format - MINISO LAND is a scenario-based IP co-branded collection store that brings popular IPs to life in exciting new ways [7] - The store features individual IP zones across two floors, offering more than 6,000 different products, with roughly 70% being IP collaboration products [7] - The Madrid flagship store includes unique attractions such as a blind box zone, cosmetic and fragrance areas, a large claw machine experience area, and social media-friendly photo spots [8] IP Collaborations and Product Offerings - IP collaborations are a key strategic category for MINISO, with popular collaborations including Harry Potter, Sanrio, Snoopy, and Disney [7][9] - The company's product range includes blind boxes, plushies, fragrances, cosmetics, and stationery, among others [1] - MINISO's Joy Philosophy and 'life is for fun' attitude are central to its in-store experience, emphasizing interest-driven consumption and experience-driven retail [9] Marketing and Brand Presence - MINISO's Penpen mascots toured Madrid's famous landmarks to promote the new flagship store's grand opening [2] - The company's marketing efforts are designed to create a buzz and make shopping an event to be enjoyed and shared [3] - MINISO's stores are strategically located in high-traffic commercial areas, such as Madrid's Gran Via, to maximize visibility and customer engagement [8][9]

买入 海外直营增长超预期，四季度指引提振信心 名创优品（MNSO.N） 2024-12-13 星期五 | --- | --- | |------------|------------| | | | | | | | 目标价： | 30.60 美元 | | 现 价： | 24.75 美元 | | 预计升幅 : | 23.6% | | --- | --- | |--------------------|----------------------------| | | | | 重要数据 | | | 日期 | 2024/12/12 | | 收盘价（美元） | 24.75 | | 总股本（亿股） | 12.64 | | 总市值（亿美元） | 78.3 | | 净资产（亿美元） | 12.3 | | 总资产（亿美元） | 18.6 | | 52 周高低（美元） | 25.30/ 12 .51 | | 每股净资产（美元） | 4.20 | | 数据来源： Wind | 、国元证券经纪（香港）整理 | 叶国富和杨云云夫妇 62.3% 名创优品(MNSO)深度报-20211229 名创优品（MNSO.N）更新报告 202308 ...

上 市 公 司 证 券 研 究 报 告 商贸零售 2024 年 12 月 02 日 名创优品 (MNSO) ——海外持续强劲，全球 IP 战略加速 报告原因：有业绩公布需要点评 | --- | --- | |----------------------------|-------------------------------| | 市场数据： | 2024 年 11 月 29 日 | | 收盘价（美元） | 20.01 | | 纳斯达克指数 | 19218.17 | | 52 周最高 / 最低（美元） | 25.06/12.51 | | 美股市值（亿美元） | 63 | | 流通股（亿股） | 12.56 | | 汇率（人民币 / 美元） | 7.23 | 一年内股价与基准指数对比走势： -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% MNSO.N IXIC.GI 资料来源：Bloomberg 证券分析师 赵令伊 A0230518100003 zhaoly2@swsresearch.com 联系人 李秀琳 (8621)23297818× li ...

研究报告 Research Report 1 Dec 2024 名创优品 MINISO Group (MNSO US) 点评报告：低点已过，指引积极彰显管理层信心 Review Report: Trough Passed and Guidance Showed Management Confidence [Table_yemei1] 观点聚焦 Investment Focus | --- | --- | --- | --- | --- | |--------------------------------|---------------------|---------------|---------------------|-------------------| | [Table_Info] 维持优于大市 | | | Maintain OUTPERFORM | | | 评级 | | | 优于大市 | OUTPERFORM | | 现价 | | | | US$20.01 | | 目标价 | | | | US$25.20 | | 市值 | | | | US$6.25bn | | 日交易额 (3 个月均值 ) | ...

Financial Data and Key Metrics - Revenue for the first three quarters of 2024 increased by 23% YoY to RMB 12.28 billion, with an average store count increase of 90% and same-store sales growing in low-single digits [6] - Adjusted net profit margin was 50.7%, with adjusted EBITDA increasing by 21% to an adjusted EBITDA margin of 25.3% [41][42] - Inventory turnover days were 85 days, with 30% of MINISO's brand inventory located overseas, up from 21% the previous year [43][44] Business Line Performance - MINISO China revenue grew by 12.3% YoY, with offline store revenue up 11.8% and e-commerce revenue up 90% [12] - Overseas revenue exceeded RMB 4.5 billion, representing a 41% YoY growth, with direct-operated markets growing by 64% and distributor markets by 22% [20] - TOP TOY revenue grew by 43% YoY, with same-store sales up 5%, and 86 new stores added, progressing towards the annual target of 400 stores [27] Market Performance - In China, same-store sales declined by mid-single digits, with high-tier cities outperforming lower-tier cities [15] - Overseas same-store sales showed high-single-digit growth, with direct-operated markets contributing 67% of net new stores, primarily from the US and Indonesia [21] - The US market saw mid-single-digit growth, with plans to expand store operations and improve operational efficiency [64] Company Strategy and Industry Competition - The company is focusing on quality retail and interest-based consumption, aiming to combine product innovation with consumer experience [7] - MINISO plans to add 900 to 1,100 new stores globally each year, with IP product sales contributing over 50% by 2028 [11] - The company is mitigating potential US tariff risks by increasing local sourcing to 30% and establishing backup supply chains in South Asia, Japan, Korea, and the US [24][25] Management Commentary on Operating Environment and Future Outlook - The company remains optimistic about MINISO China's growth in 2025, despite a challenging micro-consumption environment [14] - Management expects Q4 revenue growth of 25% to 30%, with overseas market growth projected at 45% to 50% [58] - The company is confident in achieving its full-year targets, with revenue growth expected to be 20% to 30% YoY and adjusted net profit target of RMB 2.8 billion [51] Other Important Information - The company completed the acquisition of a 29.4% stake in Yonghui, aiming to transform traditional supermarket approaches and improve product service and consumer experience [7][48] - MINISO has collaborated with over 150 IPs globally, including six of the world's top 10 IP licensors, and plans to deepen collaboration with leading global IP licensors [17] - The company has distributed cash dividends exceeding RMB 600 million and returned approximately RMB 1.6 billion to shareholders through dividends and share buybacks [45][46] Q&A Session Summary Question: Q4 Outlook and Growth Opportunities in China - Management expects Q4 revenue growth of 25% to 30%, with overseas market growth projected at 45% to 50% and direct-operated markets growing by 70% to 75% [58] - In China, the company anticipates low-teens growth, driven by e-commerce and store expansion, with plans to add 400 new stores in 2024 [59][60] Question: Overseas Market Expansion and Store Operations - The company plans to add 650 to 700 stores overseas in 2024, with direct-operated markets contributing 67% of net new stores [21][60] - In the US, the company is focusing on improving operational efficiency and controlling costs, with plans to expand store operations during the holiday season [64] Question: Yonghui Acquisition and Performance Improvement - MINISO is supporting Yonghui in optimizing procurement costs, building self-owned brands, and improving store operational efficiency [69][70][71] - The company plans to close underperforming stores and focus on high-quality development, aiming to improve profitability and operational efficiency [72][73] Question: Same-Store Performance and IP Strategy - Same-store sales in China are expected to improve with refined IP product allocation and interest-based consumption strategies [81] - The company has seen strong performance from Harry Potter IP products, with significant sales contributions in overseas markets [87][88] Question: TOP TOY International Expansion and O2O Business - TOP TOY is focusing on profitability and international expansion, with plans to optimize product structure and improve margins [94] - The company is developing its O2O business, with significant growth in the past three quarters and plans to leverage omni-channel strategies to improve same-store performance [85][99] Question: US Market and Competition Landscape - The company is maintaining an asset-light business model in the US, with plans to introduce third-party stores to improve leverage [109] - MINISO is confident in its competitive advantage in the ACG market, with plans to launch new products and deepen IP collaborations [110][111]