智通财经APP讯，名创优品(09896)发布公告，于2025年11月20日该公司斥资8.74万美元回购1.8万股，回 购价格为每股4.8325-4.8750美元。 ...

Core Insights - MINISO Group reported a total revenue of 5.8 billion yuan for Q3 2025, representing a year-on-year growth of 28% [1] - The MINISO brand revenue reached 5.22 billion yuan, with a year-on-year increase of 23%, while the TOP TOY brand revenue surged to 570 million yuan, marking a significant growth of 111% [1] - The group's gross profit for the quarter was 2.59 billion yuan, also reflecting a year-on-year growth of 28%, with a gross margin of 44.7% [1] - Adjusted net profit (Non-IFRS) stood at 770 million yuan, up 12% year-on-year, resulting in an adjusted net profit margin of 13.2% [1] Store Expansion - As of the end of the reporting period, MINISO Group has surpassed 8,000 global stores [1] - The company is launching its upgraded store model, MINISO LAND, in key cities such as Guangzhou, Hangzhou, Chongqing, and Wuhan, with 17 locations opened domestically [1] - The first overseas MINISO LAND opened in Bangkok, Thailand, at Siam Square pedestrian street at the end of October [1] IP Development - By November 2025, MINISO has signed contracts with 16 trendy toy artist IPs, creating a diverse and rich proprietary IP matrix [1]

格隆汇11月21日丨名创优品(09896.HK)公告，11月20日耗资8.74万美元回购1.8万股，每股回购价4.8325- 4.875美元。 ...

Core Insights - Miniso achieved a revenue of RMB 5.797 billion for the third quarter, marking a year-on-year increase of 28.17% [1] - The company's profit attributable to equity shareholders was RMB 441 million, a decrease of 31.36% year-on-year [1] - Adjusted net profit for the quarter was RMB 766.8 million, reflecting an increase of 11.7% year-on-year [1] Financial Performance - For the nine months ending September 30, the company reported a revenue of RMB 15.19 billion, up 23.68% year-on-year [1] - Profit attributable to equity shareholders for the nine months was RMB 1.347 billion, down 25.68% year-on-year [1] - Adjusted net profit for the nine months was RMB 2.0455 billion, with basic earnings per share of RMB 1.1 [1] Operational Highlights - The company surpassed a significant milestone with quarterly revenue exceeding RMB 5 billion and global store count surpassing 8,000 [2] - In mainland China, the company achieved a net increase of over 100 stores in the quarter, with same-store sales showing high single-digit growth [2] - The company is on track to achieve positive same-store sales growth in mainland China for the full year of 2025 [2] International Performance - Same-store sales in overseas markets improved to low single-digit growth, with strong performance in strategic markets like North America and Europe [2] - The operating profit margin for overseas direct operations has improved year-on-year, indicating enhanced core operational capabilities [2] Cash Flow and Financial Health - The company reported a net operating cash flow of RMB 1.2996 billion for the quarter, with a cash flow to adjusted net profit ratio of 1.7 [3] - As of September 30, cash reserves stood at RMB 7.77 billion, with net operating cash flow for the first nine months reaching RMB 2.314 billion [3] - The strong cash flow and financial position highlight the company's robust profitability and efficient working capital management [3]

Core Insights - Miniso's revenue for Q3 2025 increased by 28.2% year-on-year to RMB 5.7966 billion, surpassing the company's previous guidance of 25% to 28% growth [1] - The company's same-store sales growth showed an upward trend across all three operating segments, contributing to a mid-single-digit growth at the group level [1] - The gross profit for Q3 2025 rose by 27.6% year-on-year to RMB 2.5901 billion, with a gross margin of 44.7% [1] Financial Performance - The net profit for the period was RMB 443.2 million, down from RMB 648.3 million in the same period last year [1] - Adjusted net profit increased by 11.7% year-on-year to RMB 766.8 million, with adjusted earnings per American Depositary Share (ADS) of RMB 2.48 (USD 0.35), reflecting a 12.7% increase [1] - Operating cash flow for Q3 was RMB 1.2996 billion, with a ratio of operating cash flow to adjusted net profit of 1.7 [4] Store Expansion - As of September 30, 2025, the total number of stores reached 8,138, marking a net increase of 718 stores year-on-year [2] - Miniso stores numbered 7,831, with a net increase of 645 stores, while stores in mainland China totaled 4,407, reflecting a net increase of 157 stores [2] - TOP TOY had 307 stores, with a net increase of 73 stores [2] Strategic Insights - The CEO highlighted significant milestones, including quarterly revenue surpassing RMB 5 billion and global store count exceeding 8,000 [3] - Same-store sales in mainland China achieved high single-digit growth, with a net increase of over 100 stores in the quarter [3] - The overseas same-store sales also improved, with low single-digit growth, particularly in strategic markets like North America and Europe [3] Operational Efficiency - Adjusted operating profit grew by 14.8%, with an adjusted operating profit margin of 17.6%, indicating a narrowing decline quarter-on-quarter [4] - Adjusted EBITDA increased by 18.8%, with an EBITDA margin of 23.4% [4] - Cash reserves reached RMB 7.77 billion as of September 30, 2025, demonstrating strong financial health and effective working capital management [4]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 名創優品集團控股有限公司 呈交日期： 2025年11月21日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09896 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | ...

（於開曼群島註冊成立的有限責任公司） （股份代號：9896） 內幕消息 截至2025年9月30日止三個月及九個月的 未經審計財務業績 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09條及《證券及期 貨條例》（第571章）第XIVA部刊發。 名創優品集團控股有限公司（「名創優品」或「本公司」）欣然公佈本公司及其附屬 公司截至2025年9月30日止三個月及九個月的未經審計簡明綜合業績。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 MINISO Group Holding Limited 名創優品集團控股有限公司 本公司欣然公佈根據美國證券交易委員會（「美國證監會」）的適用規則刊發的本公 司及其附屬公司截至2025年9月30日止三個月及九個月的未經審計簡明綜合業績。 本文附表一為本公司於2025年11月21日（美國東部時間）刊發的有關截至2025年9 月30日止三個月及九個月的未經審計財務業績新聞稿全文，其中部分內容可能構 成本公司的重大 ...

Core Insights - MINISO Group reported a significant revenue increase of 28.2% year over year, reaching RMB5,796.6 million (US$814.3 million) in the September Quarter, surpassing previous guidance [4][14] - The company achieved a milestone of over 8,000 stores globally, with a net addition of 718 stores year over year [12][10] - TOP TOY brand experienced remarkable growth, with revenue increasing by 111.4% year over year [12][15] Financial Highlights for the September Quarter - Gross profit rose by 27.6% year over year to RMB2,590.1 million (US$363.8 million), with a gross margin of 44.7% [4][16] - Adjusted operating profit increased by 14.8% year over year to RMB1,022.3 million (US$143.6 million), with an adjusted operating margin of 17.6% [20][4] - Adjusted net profit grew by 11.7% year over year to RMB766.8 million (US$107.7 million), with an adjusted net margin of 13.2% [25][26] Financial Highlights for the First Nine Months - Total revenue for the first nine months increased by 23.7% year over year to RMB15,189.8 million (US$2,133.7 million) [28] - Adjusted EBITDA rose by 14.0% year over year to RMB3,540.6 million (US$497.3 million), with an adjusted EBITDA margin of 23.3% [37][30] - Cash position improved to RMB7,766.2 million (US$1,090.9 million) as of September 30, 2025, compared to RMB6,698.1 million at the end of 2024 [39][40] Operational Highlights - The number of MINISO stores reached 7,831 as of September 30, 2025, with a year-over-year increase of 645 stores [10][9] - In mainland China, the number of MINISO stores increased to 4,407, representing a net addition of 157 stores [10][9] - The overseas store count reached 3,424, with a net increase of 488 stores year over year [10][9] Management Commentary - The CEO highlighted the strong performance in mainland China, with high-single-digit same-store sales growth (SSSG) and over 100 net new stores added in the quarter [12] - The CFO noted that the year-over-year revenue growth exceeded expectations, and the company demonstrated solid financial health with strong operating cash flow [13]

名创优品集团创始人、董事会主席兼首席执行官叶国富表示，企业文化是品牌走向全球的根基，而中国 品牌要在新的时代格局中承担起文化表达的责任，这也为活动确立了更宏阔的文化视角。 北京商报讯（记者 郭秀娟）11月21日，北京商报记者从名创优品官方获悉，名创优品集团首届MINI TALK价值观故事分享大会·全球总决赛于广州塔剧场圆满收官。 叶国富还提到，文化出海，不只是企业战略，更是这一代中国品牌的责任。名创优品将会以"成为全球 领先的IP运营平台"为愿景，以"为开心而生"为使命，通过IP讲好中国故事，让中国IP走向世界舞台。 同时，活动现场发布了首部名创优品集团杰出人物故事集《名创人》，以十位员工的成长经历，让个体 故事成为可传播的实体"文化资产"。 ...

Core Viewpoint - MINISO Group Holding Limited is expected to report strong third-quarter results, driven by overseas expansion and the success of its TOP TOY brand, with guidance exceeding analyst expectations [2][4]. Financial Performance - Projected earnings per share for the upcoming quarterly earnings report is around $0.33, with anticipated revenue of approximately $794.3 million [1]. - The company maintains a price-to-earnings (P/E) ratio of about 18.61, indicating investor expectations of future growth [2][4]. - The price-to-sales ratio is approximately 2.55, while the enterprise value to sales ratio is around 2.69, suggesting investors are willing to pay a premium for sales [2]. - An earnings yield of approximately 5.37% reflects the return on investment for shareholders [2][4]. - The debt-to-equity ratio stands at about 0.87, indicating a moderate level of leverage [2]. - A current ratio of approximately 1.99 shows the company's ability to cover short-term liabilities with its short-term assets [2]. Investor Engagement - The company plans to release its financial results before the U.S. market opens, followed by an earnings conference call at 4:00 A.M. Eastern Time, with simultaneous interpretation in English [3].