In the latest market close, MINISO Group Holding Limited Unsponsored ADR (MNSO) reached $17.58, with a -0.68% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow lost 0.28%, and the tech-heavy Nasdaq gained 1.04%.Heading into today, shares of the company had gained 5.67% over the past month, outpacing the Retail-Wholesale sector's gain of 1.9% and the S&P 500's gain of 0.62% in that time.Analysts and investors alike will be keeping a close eye ...

MINISO's Harry Potter collection features over 800 meticulously designed products spanning various categories, including plush toys, pet products, cups, toys, stationery and gifts, fragrances, accessories, and more than ten other categories. Each product integrates iconic elements inspired by the Harry Potter films, making them instantly recognizable to fans. For example, school-themed items are inspired by the colors and symbols of the four Hogwarts houses, featuring bags, scarves, gloves, and socks. Belo ...

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，並明確表示概不就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。 連接方式1 加入Zoom會議。 Zoom鏈接：https://zoom.us/j/95133958059?pwd=lm4fHDsWTXEaqHF4VsGl7gWrIhe5iS.1 會議號：951 3395 8059 會議密碼：9896 MINISO Group Holding Limited 名創優品集團控股有限公司 （於開曼群島註冊成立的有限責任公司） （股份代號：9896） 董事會會議日期 名創優品集團控股有限公司（「本公司」）董事會（「董事會」）宣佈，將於2024年11 月29日（星期五）召開董事會會議，藉以考慮及批准（其中包括）本公司截至2024 年9月30日止三個月的未經審計財務業績及其發佈。 本公司的管理層將於美國東部時間2024年11月29日（星期五）上午四時正（同日北 京時間下午五時正）舉行業績電話會議以討論財務業績。英語同聲傳譯將於電話 會議中提供。電話會議可通過以下Zoom鏈接或撥打以 ...

Core Viewpoint - MINISO Group Holding Limited plans to release its financial results for the September quarter of 2024 on November 29, 2024, before the U.S. market opens [1]. Financial Results Announcement - The earnings conference call will take place at 4:00 A.M. Eastern Time on November 29, 2024, with simultaneous interpretation in English [2]. - Access to the conference call will be available via a Zoom link and through various international dialing numbers [3]. Company Overview - MINISO Group is a global value retailer known for offering trendy lifestyle products with IP design, aiming to provide a delightful shopping experience [5]. - The company has established a significant store network worldwide since its first store opening in China in 2013, building the MINISO brand as a globally recognized retail name [5].

The latest trading session saw MINISO Group Holding Limited Unsponsored ADR (MNSO) ending at $19.05, denoting a -1.45% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.1% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 0.06%.Heading into today, shares of the company had gained 6.91% over the past month, outpacing the Retail-Wholesale sector's gain of 5.33% and the S&P 500's gain of 4.37% in that time.The investmen ...

MINISO's founder Mr. Jack Ye has previously pointed out that changes in the global retail industry mean great opportunity for MINISO to become globally competitive and influential. As early as 2020, Mr. Jack Ye envisioned "interest-driven consumption" as a key to the brand's growth, predicting that fulfilling consumers' emotional needs and desire for self-expression will become the driving force of future consumption. MINISO has successfully led this trend globally as the pioneer of the 'Global IP Collect ...

以下文章来源于明亮公司 ，作者主编24小时在线 明亮公司 . 追踪新商业、好公司，提供一手情报与领先认知。 作者：MD 出品：明亮公司 名创优品（MNSO.US；9896.HK）近期在收购、出海和门店升级等方面的动作不断引起市场的关注。 29日，在名创优品"2024全球品牌战略升级成果发布会"上，公司创始人、董事长叶国富表示，名创优品全新要做 "全球IP联名集合店"，并 与公司高管一起分享了名创优品对于目前零售行业趋势、出海、门店、IP产品等主题的观点和实践 。 目前，名创优品门店数已超过7000家。根据公司今年上半年财报演示文稿，2024年-2028年，名创优品每年净新增门店数将达900-1100家； 期间营收年复合增长率超过20%；2028年IP产品销售占比超过50%。 "名创优品能走向全球， 最核心的原因是开创了全球IP联名集合店这一新的商业模式 。我们与全球150多个知名IP合作，设计出极具兴趣消 费价值的产品，并在全球进行本地化经营，靠这种创新模式走向世界。"叶国富说。 谈出海：资源「无限倾斜」，产品、供应链本地化 围绕中国企业"出海"的实践经验，叶国富总结出了几个关键点： 一是创始人要有全球化的视 ...

Investment Rating - The report maintains a "Buy" rating for MINISO (09896.HK) [1] Core Views - MINISO held a global brand strategy upgrade conference on October 30, emphasizing "quality without price competition" and positioning itself as a "global IP co-branding collection store" [2] - The company anticipates a transformation in offline consumption, focusing on experiential consumption and emotional value for consumers, aiming to become the world's leading IP design retail group [2] - MINISO has collaborated with over 150 global IPs, achieving cumulative sales of over 800 million items, with plans to launch over 10,000 new IP products annually, targeting 50% of sales from IP products by 2028 [2] Financial Forecasts and Valuation - The total revenue forecast for MINISO is projected to grow from 13,838 million RMB in 2023 to 24,311 million RMB by 2026, with year-on-year growth rates of 39.42%, 22.90%, 21.13%, and 18.00% respectively [1][4] - The net profit attributable to the parent company is expected to increase from 2,253 million RMB in 2023 to 3,730 million RMB in 2026, with growth rates of 111.48%, 12.28%, 24.12%, and 18.77% respectively [1][4] - The report forecasts a diluted EPS of 1.79 RMB in 2023, increasing to 2.96 RMB by 2026, with corresponding P/E ratios decreasing from 19.96 to 12.06 [1][4] Store Expansion Strategy - MINISO's global flagship store strategy has effectively enhanced brand awareness, with potential for 40,000 stores worldwide based on demographic calculations [3] - The company is restructuring its domestic store product lines and franchise system to optimize store expansion, including seven defined store formats and a shift from store authorization to a commercial system authorization [3]

Investment Rating - The report maintains a **Buy** rating for Miniso (MNSO) with a 12-month price target of **US$26.4/HK$52** per ADR/H-share, based on **18x CY2025E P/E** [1][8] Core Views - Miniso is expected to report **21% YoY growth in Group sales** to **RMB4.58bn** in 3Q24, driven by strong overseas performance, particularly in distributor markets [1][3] - **China sales** are expected to grow by **8% YoY**, slightly below management's earlier target, due to a weak consumption backdrop [1] - **Overseas sales** are projected to grow by **40% YoY**, with **DTC markets** up **55% YoY** and **distributor markets** accelerating to **28% YoY growth** [1][4] - **Top Toy brand** is expected to grow by **51% YoY**, driven by store expansion and favorable product mix [1][5] Sales Breakdown - **Mainland China sales** are forecasted at **RMB2.49bn**, growing **8% YoY**, decelerating from **18% YoY** in 2Q24 [4] - **Overseas sales** are expected to reach **RMB1.8bn**, with **DTC markets** contributing **55% YoY growth** and **distributor markets** growing **28% YoY** [4] - **Top Toy brand** sales are projected to reach **RMB272mn**, with a **33% GPM**, reflecting a **4pp QoQ expansion** due to a favorable product mix [5] Margins and Profitability - **Group GPM** is expected to expand by **4pp YoY**, driven by a higher mix of **overseas DTC** and **Top Toy margin improvement** [1] - **Adjusted OPM** is forecasted to decline by **2pp YoY** to **19%**, due to near-term investments in **US store expansion** and **24H Super stores** [1] - **Adjusted net income** is expected to grow by **9% YoY** to **RMB696mn**, with a **15.2% adjusted NPM** [5] Store Expansion - **Miniso brand** is expected to add **105 net stores** in Mainland China in 3Q24, reaching **4,220 stores** by the end of the quarter [3] - **Overseas store openings** are projected at **180 net stores** in 3Q24, with a full-year target of **550-650 stores** [3] - **Top Toy brand** is expected to reach **235 stores** by 3Q24, with **40 net openings** in the quarter and a full-year target of **112 stores** [5] Catalysts and Outlook - Key catalysts for 4Q24 include the **launch of Harry Potter IP** and the **upcoming holiday season**, particularly in the US where store expansion is accelerating [1] - The report highlights potential **tax credits** for the US business in 2H24, given the turnaround from the previous year [1]

Investment Rating - The report maintains a "Buy" rating for Miniso [2] Core Views - The report anticipates that overseas agency growth will exceed expectations in Q3 2024, while domestic performance may be slightly weaker than expected. The continued expansion of overseas stores is expected to contribute positively in Q4 [2] - Adjusted net profit estimates for the company for 2024-2026 have been lowered to 2.751 billion, 3.342 billion, and 4.023 billion HKD respectively, down from previous estimates of 2.869 billion, 3.448 billion, and 4.132 billion HKD [2] - The target price has been adjusted to 47.40 HKD from 49.60 HKD, based on a 20x PE for 2024 [2] Summary by Sections Revenue Growth - The report estimates an overall revenue growth of approximately 18.3% for Q3 2024, translating to an expected revenue of about 4.484 billion HKD. Domestic revenue growth is projected at around 7.0%, while overseas direct and agency market growth rates are expected to be 55% and 28% respectively [2] - The contribution of high-margin overseas direct business is expected to increase, leading to improvements in gross margin both year-on-year and quarter-on-quarter [2] Store Expansion - The company is expected to add over 100 new stores domestically and 150-200 stores overseas in Q3 2024, aligning with the annual store opening plan of 350-450 domestic stores and 550-650 overseas stores [2] - The launch of Harry Potter IP co-branded products is anticipated to drive sales in both domestic and overseas markets, enhancing the willingness of franchisees to open stores and agents to purchase products [2] Profitability Outlook - The report suggests that the overall gross margin is likely to improve due to the increasing proportion of high-margin products and the release of operational leverage as overseas direct business performance improves [2] - The expected sales and management expense ratio for Q3 2024 is projected at 26.10%, with an adjusted net profit margin of approximately 15.5%, leading to an adjusted net profit of about 694 million HKD [2]