MINISO Group Holding Limited Unsponsored ADR (MNSO) closed the last trading session at $23.14, gaining 9.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $29.59 indicates a 27.9% upside potential.The average comprises three short-term price targets ranging from a low of $27.90 to a high of $31.86, with a standard deviation of $2.04. While the lowest estimate indicates an increase ...

GUANGZHOU, China, April 30, 2024 /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 it plans to release its March quarter 2024 financial results before the U.S. market opens on Tuesday, May 14, 2024. The Company's management will hold an earnings conference call at 5:00 A.M. Eastern Time on Tuesday, May 14, 2024 (5:00 P.M. Beijing T ...

研究报告Research Report 24 Apr 2024 名创优品 MINISO Group (MNSO US) 名创优品季报前瞻： 开店势头延续，海外强劲增长 1Q24 Preview: Store Expansion Momentum Continued, Oversea Business Witnessed Strong Growth [观Ta点bl聚e_焦yem Inevie1s] tment Focus [Tab维le_持Inf优o] 于大市Maintain OUTPERFORM (Please see APPENDIX 1 for English summary) 事件：名创优品预计在5月中旬公布1Q24业绩。我们预计公司1Q收 评级 优于大市OUTPERFORM 入37亿元，同比增长25%；经调净利润6亿元，同比增长25%，经调 现价 US$21.21 经调净利率16.3%。 目标价 US$26.60 点评：国内业务预计收入 25.2 亿元，同比增长 17%。①名创国内 1Q 市值 US$6.57bn 概况：收入预计 22.9 亿元，同比增长 14.4%，基本符合此前公司同比 日交易额 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12 (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

GUANGZHOU, China , April 16, 2024 /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 it will hold an annual general meeting of the Company's shareholders (the "AGM") at 9:00 a.m. Beijing time on June 20, 2024 at 16F, Building A, M Plaza, No. 109, Pazhou Avenue, Haizhu District, Guangzhou, Guangdong Province, the People's Republic of ...

研究报告Research Report 13 Mar 2024 名创优品 MINISO Group (MNSO US) 点评报告：业绩持续性强，利润再创新高 Review report：Performance Showing High Visibility, Profits Hitting New Record [观Ta点ble聚_y焦em Ieniv1e]s tment Focus [Tab维le_持Info优] 于大市Maintain OUTPERFORM (Please see APPENDIX 1 for English summary) 事件：名创优品3月 12日公布4Q财报。收入38.4亿元，同比增 评级 优于大市OUTPERFORM 长 54%；毛利率 43.1%，同比增长 3.1pct；经调净利润 6.6 亿元， 现价 US$18.22 同比增长 77%，经调净利率 17.2%；除汇兑外经调净利率 17.4%， 目标价 US$26.60 创历史新高。公司指引1Q收入同比增长20%-25%；24年收入同比 增长20%-30%（上限较前期指引20%-25%上调），经调净利同比增 市值 US$6.4 ...

Asian goods retailer Miniso (MNSO) was a popular item for investors this week. Over the five days the market was open, the Chinese company's U.S. shares climbed almost 16% higher, according to data compiled by S&P Global Market Intelligence. One specific event provided the catalyst for this leap.Double-digit improvements on key line items in the fourth quarterThat event was the release of Miniso's fourth-quarter earnings report, which featured growth numbers that were well in the double digits.Revenue, for ...

Financial Data and Key Metrics - Total revenue for Q2 2024 reached RMB 3.84 billion, a 54% YoY increase, setting a new record [3] - Gross margin improved to 43.1%, up 3.1 percentage points compared to the same period in 2022 [3] - Adjusted net profit exceeded RMB 660 million, with an adjusted net profit margin of 17.2% (17.4% excluding FX impacts) [3] - For the full year 2023, total revenue was RMB 13.8 billion, a 40% YoY increase, with a gross margin of 41.2% and adjusted net profit of RMB 2.36 billion, up 110% YoY [4] Business Line Performance - MINISO China offline sales increased by 66% YoY, with same-store sales up 32% YoY [6] - TOP TOY revenue grew 90% YoY, driven by a 19% increase in store count and nearly 60% growth in per-store revenue [19] - Overseas revenue reached RMB 1.49 billion, a 51% YoY increase, with directly operated markets contributing over 50% of overseas revenue for the first time [9][20] Market Performance - Overseas GMV increased 38% YoY, with North America leading at a 110% increase, followed by Europe (70%), Latin America (14%), and Asia excluding China (21%) [10] - Same-store sales in overseas markets increased by 90% YoY in Q2 2024, with North America up 49%, Latin America up 23%, and Asia excluding China up 12% [11] - In China, GMV for offline stores increased by 40% YoY in 2023, with same-store sales up 25% [7] Strategic Direction and Industry Competition - The company aims to become the world's number one IP design retail group, focusing on product innovation, affordability, and globalization [12] - MINISO plans to open 350-450 new stores in China and 550-650 new stores overseas in 2024, focusing on high-quality growth and lean operations [8][12] - The company is strengthening its global supply chain, with 24% of suppliers located overseas, including Korea, Vietnam, India, Europe, and North America [14] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain competitive advantages through IP product development, supply chain integration, and globalization [23] - The company is optimistic about the growth potential in key markets like Europe and North America, with plans to expand store networks and improve per-store performance [33][34] - MINISO is committed to improving same-store sales in China through product innovation, channel upgrades, and brand awareness initiatives [27][28] Other Important Information - The company has a strong cash position of RMB 6.9 billion as of December 31, 2023, with free cash flow of RMB 1.97 billion, up 115% YoY [23] - MINISO returned RMB 650 million in cash dividends to shareholders in Q2 2024, representing 50% of adjusted net profit for the second half of 2023 [23] Q&A Session Summary Question: Domestic GMV and same-store sales trends for 2024 - GMV in China increased by 30% in the first two months of 2024, with same-store sales recovering to 95% of last year's levels [26] - The company aims to improve same-store sales through product innovation, channel upgrades, and brand awareness [27][28] Question: Global supply chain diversification - MINISO has 24% of its suppliers located overseas, with plans to increase local sourcing in the US market to 30% in 2024 [31] Question: Strategies to improve per-store performance in lagging markets like Asia - The company plans to focus on key markets like Europe and North America while diversifying operations in Asia and Latin America [34][35] Question: European market strategy and profitability - MINISO is exploring flexible cooperation models with distributors in Europe, including JVs and same-store operations [37] - The company aims to open thousands of stores in Europe over the next five years [52] Question: SG&A ratio and store expansion in China - The SG&A ratio increased to 23% in Q2 2024 due to investments in direct stores, but the company expects margin improvements as DTC sales scale up [45] - MINISO plans to upgrade smaller stores in China to improve per-store sales, with a focus on stores between 100-200 square meters [46] Question: Margin breakdown between domestic and overseas markets - MINISO China has a higher OP margin (around 30%) due to its asset-light model, while overseas DTC markets are still in the early stages with fluctuating margins [50] Question: US market franchise strategy - The US market is currently dominated by directly operated stores, but the company remains open to exploring franchise models in the future [54]

GUANGZHOU, China, March 12, 2024 /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 its unaudited financial results for the quarter ended December 31, 2023 (the "December Quarter"). Financial Highlights for the December Quarter Revenue was RMB3,841.3 million (US$541.0 million), representing an increase of 54.0% year over year and 1.3% ...

GUANGZHOU, China, Feb. 29, 2024 /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 it plans to release its December quarter 2023 financial results before the U.S. market opens on Tuesday, March 12, 2024.The Company's management will hold an earnings conference call at 5:00 A.M. Eastern Time on Tuesday, March 12, 2024 (5:00 P.M. Beij ...