Financial Performance - Revenue for the quarter increased by 24.1% to RMB 4,035.2 million (USD 555.3 million), surpassing RMB 4 billion for the first time[11] - Gross profit rose by 36.9% to RMB 1,773.3 million (USD 244.0 million), with a gross margin of 43.9%, a historical high compared to 39.8% in the same period last year[11] - Operating profit increased by 8.9% to RMB 751.5 million (USD 103.4 million) and net profit grew by 8.1% to RMB 591.4 million (USD 81.4 million)[11] - Adjusted net profit rose by 9.4% to RMB 625.0 million (USD 86.0 million), with an adjusted net profit margin of 15.5%[11] - For the first half of 2024, revenue increased by 25.0% to RMB 7,758.7 million (USD 1,067.6 million) and gross profit grew by 37.9% to RMB 3,389.8 million (USD 466.5 million)[14] - Revenue for the first half of 2024 reached RMB 7,758.7 million (USD 1,067.6 million), a 25.0% year-on-year growth driven by an 18.8% increase in average store count and approximately 7% same-store sales growth[29] - Revenue from overseas markets grew by 42.6% to RMB 2,732.0 million (USD 375.9 million), accounting for 35.2% of total revenue, up from 30.9% in the same period of 2023[30] - The overseas market revenue grew by 35.5% to RMB 1.51 billion in the second quarter of 2024, breaking previous records[21] Store Expansion - The number of MINISO stores reached 6,868 as of June 30, 2024, with a net addition of 455 stores in the first half of the year[14] - The number of MINISO stores in mainland China was 4,115, with a net addition of 189 stores during the same period[14] - Overseas MINISO stores totaled 2,753, with a record net addition of 266 stores, compared to 72 stores in the same period last year[14] - The number of MINISO stores reached 6,868 as of June 30, 2024, representing a year-on-year increase of 1,077 stores, with 502 net new stores added in the first half of 2024[16][17] - The number of stores in mainland China increased to 4,115 as of June 30, 2024, up by 511 stores compared to the same date in 2023[62] - The number of stores in Asia (excluding China) reached 1,484 as of June 30, 2024, an increase of 278 stores year-over-year[65] - The company plans to continue expanding its store network, particularly in lower-tier cities in mainland China, to enhance market penetration[60] Profitability Metrics - Adjusted EBITDA for the first half of 2024 increased by 26.0% to RMB 1,967.4 million (USD 270.7 million), with an adjusted EBITDA margin of 25.4%[14] - Adjusted EBITDA was RMB 1,002.0 million (USD 137.9 million), reflecting a year-on-year increase of 17.1%[27] - The adjusted net profit margin for the three months ended June 30, 2024, was 15.5%, down from 17.6% in the same period of 2023[57] - Adjusted net profit for the first half of 2024 grew by 18% year-on-year, with an adjusted EBITDA increase of 26%[18] - Basic and diluted earnings per American Depositary Share (ADS) for the June quarter were RMB 1.88 (USD 0.26), a 9.3% increase year-on-year[28] - The adjusted earnings per share (diluted) for the six months ended June 30, 2024, was RMB 0.99, compared to RMB 0.83 in the same period of 2023[57] Expenses and Investments - Selling and distribution expenses increased by 72.5% year-on-year to RMB 826.1 million, primarily due to investments in direct-operated stores in strategic overseas markets[24] - General and administrative expenses rose by 38.1% year-on-year to RMB 227.2 million, driven by personnel-related costs associated with business growth[25] - Free cash flow for the first half of 2024 was RMB 991.0 million (USD 136.4 million) with capital expenditures of RMB 302.8 million (USD 41.7 million)[14] Future Outlook - The company plans to maintain its revenue growth target of 20% to 30% for 2024, with an adjusted net profit target of RMB 2.8 billion or higher[18] - The company aims to repurchase up to 10% of its total outstanding shares within the next 12 months, believing it aligns with the best interests of the company and its shareholders[18] - The company plans to continue expanding its direct-operated stores, particularly in strategic overseas markets like the United States, with a total of 343 overseas direct-operated stores as of June 30, 2024[33] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[53] Non-IFRS Metrics - The adjusted net profit is defined as profit excluding equity-settled share payment expenses, providing a clearer view of operational performance[44] - Adjusted EBITDA is calculated as adjusted net profit plus depreciation, amortization, finance costs, and income tax expenses, allowing for a comprehensive assessment of profitability[44] - The adjusted net profit margin is calculated by dividing adjusted net profit by revenue, offering insights into profitability relative to sales[45] - The company uses non-IFRS financial metrics to evaluate operational performance and inform business planning, which may differ from IFRS metrics[45] - Miniso's management believes that these non-IFRS metrics provide useful information for investors to understand and assess operational performance[45] - The company acknowledges the limitations of non-IFRS metrics, including their inability to reflect all income and expense items impacting operations[46] Risks and Forward-Looking Statements - Future business development and financial performance are subject to various risks and uncertainties, including market demand and competitive landscape[47] - The company does not undertake any obligation to update forward-looking statements unless required by applicable law[47]

 GUANGZHOU, China, Aug. 30, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company", together with its subsidiaries, the "Group"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that, the board of directors of the Company (the "Board") authorized and approved a new share repurchase program on August 30, 2024 (the "2024 Share Repurchase Program"), under which the Company may repurchase ...

Core Viewpoint - MINISO Group reported strong financial results for the June Quarter and the First Half of 2024, with significant revenue growth and improved profitability metrics, driven by expansion in both domestic and international markets [1][9]. Financial Highlights for the June Quarter - Revenue increased by 24.1% year over year to RMB4,035.2 million (US$555.3 million), surpassing RMB4 billion for the first time [2]. - Gross profit rose by 36.9% year over year to RMB1,773.3 million (US$244.0 million), with a gross margin of 43.9%, a record high [2][15]. - Operating profit increased by 8.9% year over year to RMB751.5 million (US$103.4 million) [2]. - Adjusted net profit grew by 9.4% year over year to RMB625.0 million (US$86.0 million), despite a net foreign exchange loss [2][18]. - Adjusted EBITDA increased by 17.1% year over year to RMB1,002.0 million (US$137.9 million) [2][26]. Financial Highlights for the First Half of 2024 - Revenue increased by 25.0% year over year to RMB7,758.7 million (US$1,067.6 million) [3]. - Gross profit rose by 37.9% year over year to RMB3,389.8 million (US$466.5 million), with a gross margin of 43.7% [3][21]. - Operating profit increased by 18.1% year over year to RMB1,494.8 million (US$205.7 million) [3]. - Adjusted net profit grew by 17.8% year over year to RMB1,241.9 million (US$170.9 million) [3][25]. - Adjusted EBITDA increased by 26.0% year over year to RMB1,967.4 million (US$270.7 million) [3][26]. Operational Highlights - The total number of MINISO stores reached 6,868 as of June 30, 2024, with 455 net new stores opened in the First Half of 2024 [4]. - The number of MINISO stores in mainland China was 4,115, with 189 net new stores opened [4]. - Overseas markets saw a record opening of 266 net new stores, totaling 2,753 stores [4][6]. Strategic Comments - The CEO highlighted the successful execution of the five-year strategic plan, with significant progress in expanding the store network and achieving double-digit same-store sales growth in overseas markets [9]. - The CFO noted that despite ongoing investments in overseas markets, the company maintained healthy profitability levels, with a focus on disciplined financial strategies [10][11]. Dividend Declaration - The board approved an interim cash dividend of approximately US$85.5 million (RMB621.3 million), representing about 50% of the adjusted net profit for the First Half of 2024 [12].

The Santa Monica store, encompassing over 3,700 square feet marks the latest chapter in MINISO's U.S. expansion. This year alone, MINISO has opened numerous new stores in key locations across the country, including Times Square and Tangram in New York, and at the American Dream Mall in New Jersey, reinforcing its strategic focus on building a strong and widespread presence in the world's largest consumer market. The brand's ability to resonate with American consumers is evident in the continued success of i ...

MINISO's Lucky 7 perfume series embodies the idea of "Naturally Lucky" – the belief that everyone possesses innate luck. Through carefully crafted natural fragrances, Lucky 7 creates an uplifting atmosphere that helps individuals unlock their own good fortune and attract positive energy. MINISO believes that a positive outlook is key to harnessing luck, and the fresh, floral, and fruity notes of Lucky 7 infuse everyday life with optimism and hope. The phrase "Naturally Lucky" encapsulates both the idea that ...

本次电话会议仅服务于国泰捐赠券正式签约客户会议音频及文字记录的内容仅供国泰捐赠券客户内部学习使用不得外发并且必须经国泰捐赠券研究所审核后方可留存国泰捐赠券未授权任何媒体转发此次电话会议相关内容未经允许和授权 转载转发均属侵权国泰均安证券将保留追究其法律责任的权利国泰均安证券不承担因转载转发引起的任何损失及责任尝有风险投资需谨慎提请广大投资者谨慎做出投资决策 大家好欢迎参加商社框架40奖名创优品深度解读与业绩拆分目前所有的参会者均处于静音状态现在有请主讲人开始发言谢谢各位投资者大家晚上好非常感谢大家参加今天的电话会我是国泰圈的研究员李云南那么今天是框架的报告的第三个大专题就是评价出海 里面的一个很重要的公司民生有品的业绩的一个解读以及未来的战略展望那么民生有品是我们推了很久的这样一个公司这公司的话我们认为是一个全球性的这样一个公司未来很有可能会颠覆掉海外的很多的存量的这样一个现象零售业态所以虽然短期的这个股价会有一些波动但从长期的角度上来看的话我们觉得 这个公司还是非常值得关注的这个投资的这个建议我们今天先不做重点的汇报先讲一下这个公司的一个基本的一个情况那么人生物品是2013年的时候成立的那么它成立的支出的话 ...

Company Overview - MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $15.85, showing no change from the previous day's closing price [1] - Over the past month, MNSO shares have decreased by 19.01%, underperforming the Retail-Wholesale sector's loss of 6.2% and the S&P 500's loss of 4.22% [1] - The company is set to release its earnings report on August 30, 2024, with a consensus revenue estimate of $557.54 million, reflecting a 24.31% increase from the same quarter last year [1] Analyst Estimates - Recent changes to analyst estimates for MNSO indicate evolving short-term business trends, with positive revisions suggesting optimism about the company's outlook [2] - The Zacks Rank system, which assesses estimate changes, currently ranks MNSO at 4 (Sell), with a consensus EPS projection that has decreased by 2.41% in the past 30 days [3] Valuation Metrics - MNSO is trading at a Forward P/E ratio of 13.06, which is below the industry's average Forward P/E of 15.19, indicating a valuation discount [3] - The company has a PEG ratio of 0.59, significantly lower than the Retail - Apparel and Shoes industry's average PEG ratio of 1.71 [3] Industry Context - The Retail - Apparel and Shoes industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 173, placing it in the bottom 32% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about MINISO Group Holding Limited Unsponsored ADR (MNSO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MINISO ...

Core Viewpoint - MINISO Group Holding Limited plans to release its 2024 June quarter and interim results on August 30, 2024, before the U.S. market opens [1] Group 1: Financial Results Announcement - The earnings conference call will take place at 5:00 A.M. Eastern Time on August 30, 2024 [1] - The conference call can be accessed via a Zoom link or by dialing specific numbers [1][2] Group 2: Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design [3] - The company has established a large network of MINISO stores, promoting an engaging shopping experience [3] - Since its first store opening in China in 2013, MINISO has built a globally recognized retail brand and a massive store network [3]

本次电话会议仅服务于星业证券客户会议音频及文字记录的内容版权为星业证券所有内容必须经星业证券审核后方可留存未经允许和授权转载转发此次会议内容均属侵权 星夜证券将保留追究其法律责任的权利电话会议所有参会人员不得泄露内幕信息以及未公开重要信息涉及外部嘉宾发言的星夜证券不保证其发言内容的准确性与完整性 商业证券不承担外部嘉宾发言内容所引起的任何损失及责任不承担因转载转发引起的任何损失及责任市场有风险投资需谨慎提醒投资者注意投资风险审慎参考会议内容 好的各位投资人大家上午好欢迎今天七点半继续收听我们的新生海外100奖系列那今天我们跟大家分享的是性价比消费的第一篇明创优品的深度我还记得 Q1的时候跟大家把民生有品的模式又做了一个梳理包括跟海外的对标那么经过了一年其实短短一年的变化其实我们看到民生有品在海外的市场扩张已经迈向一个新的阶段包括最近的美国市场其实取得了比我预期而言更快的进展那么 我们从对标的角度来讲其实看民生有品这样一个折扣零售商的发展模式 美国在中部和东部发源的包括沃尔玛包括Costco以及后面的一些专营的零售商是比较类似的他们的发展其实是先找到一个定位一个非常好的在大众心中有清晰印象的这么一个定位然后去扩 ...