Core Insights - Miniso reported a revenue of 9.393 billion RMB for the six months ending June 30, 2025, representing a year-on-year growth of 21.1% [1] - The profit attributable to equity shareholders decreased by 22.6% to 906 million RMB, with basic earnings per share at 0.74 RMB [1] Revenue Breakdown - Revenue from the Miniso brand increased by 18.1% to 8.649 billion RMB, with domestic revenue growing by 11.4% and overseas revenue increasing by 29.4% [1] - Overseas revenue now accounts for 40.9% of total Miniso brand revenue, up from 37.3% in the same period last year [1] TOP TOY Performance - TOP TOY brand revenue surged by 73.0% to 742.1 million RMB, primarily driven by a rapid increase in average store count [1] Profitability Metrics - Gross margin reached a historical high of 44.3%, an increase of 0.6 percentage points year-on-year, attributed to higher overseas contributions and improved TOP TOY gross margin [1]
名创优品(09896)发布中期业绩，股东应占利润9.06亿元，同比下降22.6%