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 first nine months, Miniso 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 [1] - Basic earnings per share for the quarter were RMB 0.36, and for the nine months, it was RMB 1.1 [1] Operational Highlights - The CEO highlighted that the company achieved two significant milestones in the September quarter: quarterly revenue exceeding RMB 5 billion and surpassing 8,000 global stores [2] - In mainland China, the company saw a net increase of over 100 stores in the September 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 also showed improvement, with low single-digit growth in the September quarter [2] - The company expects overseas growth to be driven more by same-store sales, which are anticipated to be of higher quality and sustainability [2] - The operating profit margin for overseas direct operations has improved year-on-year, indicating stable enhancement in 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 [3] - The net operating cash flow for the first nine months reached RMB 2.314 billion, exceeding the total adjusted net profit for the same period, showcasing strong financial health and effective working capital management [3]