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，概不對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。 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） 內幕消息 截至2025年12月31日止財政年度 初步財務表現及 董事會會議日期 本公告乃由名創優品集團控股有限公司（「本公司」，連同其附屬公司統稱「本集 團」）根據《香港聯合交易所有限公司證券上市規則》（「上市規則」）第13.09(2)(a)條 及《證券及期貨條例》（香港法例第571章）第XIVA部項下的內幕消息條文（定義見 上市規則）而刊發。 本公司董事（「董事」）會（「董事會」）謹此宣佈，根據對未經審計綜合管理賬目之初 步審閱及評估，本集團預期截至2025年12月31日止財政年度（「2025財政年度」） 將錄得收入約人民幣21,440百萬元至人民幣21,445百萬元，同比增長約26%。本 公司預計2025財政年度將錄得經營利潤約人民幣3,300百萬元至人民 ...

Core Insights - MINISO, a brand from Guangdong, China, has established a strong presence in New York's Times Square, attracting both tourists and local consumers with its affordable and well-designed daily necessities [1] Group 1: Company Overview - MINISO offers a variety of products including household items, storage solutions, cultural and creative designs, and electronic accessories, all at competitive prices [1] - The brand's success is supported by a manufacturing and design system from Guangdong that encompasses product creativity, design prototyping, large-scale production, and rapid updates [1] Group 2: Industry Dynamics - The ability to quickly adjust supply chains in response to changing consumer preferences in New York highlights a core competency of Guangdong manufacturing [1] - In an era of fast-paced global consumption, "reaction speed" has become a critical component of brand competitiveness [1]

Core Viewpoint - MUJI is strategically revitalizing its presence in China by reopening its flagship store in Chengdu, marking the 20th anniversary of its entry into the mainland market [1] Group 1 - The Chengdu store has been a part of the local community for 11 years, indicating its significance beyond just a retail outlet [1] - The reopening is not merely a renovation but a symbolic move to deepen the brand's localization and relationship with the city and its people [1]

Group 1: Changes in Employment and Work - The trend of automation in factories reflects a broader societal change, with many industries moving towards automation and smart technologies, particularly in repetitive and low-skill jobs [1][2] - From 2026 onwards, the pace of job displacement due to automation is expected to accelerate, creating pressure on workers in these roles but also new opportunities for those who adapt [2][5] - Workers are encouraged to learn new skills, such as data analysis or programming, to remain competitive in the evolving job market, as traditional skills may become obsolete [5][10] Group 2: Changes in Consumer Behavior - Overall consumer spending is declining, but the approach to consumption is shifting towards more rational and cost-effective choices, with a rise in demand for affordable products [6][7] - Consumers are becoming more discerning, often opting for lower-priced items while still maintaining quality through smart purchasing strategies, leading to the phrase "spending less to look good" [6][7] - Retailers that can adapt to these changes and offer high-value products will find growth opportunities, while those relying on high-end sales may face challenges [7][10] Group 3: Policy and Social Management Adjustments - There is a shift in policy focus from stimulating short-term economic growth to long-term structural adjustments, impacting industries reliant on government support [9][10] - Policies are evolving to provide an environment conducive to innovation and competition rather than direct financial support, favoring industries that can self-sustain and innovate [9][10] - Sectors related to technology innovation, industrial upgrades, and social services are expected to receive more policy attention and support [9][10] Group 4: Interconnected Changes - The changes in employment, consumer behavior, and policy are interconnected, requiring individuals and businesses to adapt to a new era where traditional methods may no longer suffice [10][11] - Companies need to rethink their strategies to improve product quality and service, as well as innovate their business models to remain competitive in the upcoming market reshuffle expected by 2026 [10][11] - Individuals are advised to proactively consider their career paths and skill development to enhance their competitiveness in the changing landscape [11][13]

Core Viewpoint - Miniso Group Holding Limited (09896) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will repurchase 52,600 shares at a total cost of HKD 1.9717 million [1] - The buyback price per share ranges from HKD 36.76 to HKD 38 [1] - The buyback is scheduled for January 8, 2026 [1]

Group 1 - The company Miniso (09896) announced a share buyback plan, committing to repurchase 24,400 shares at a total cost of HKD 921,000 [1]

Core Viewpoint - The article discusses the trend of large retail stores emerging in various industries, emphasizing their role in enhancing brand experience and community engagement, while also addressing the shift from traditional retail models to more experiential and emotionally-driven shopping environments [5][10][25]. Group 1: Large Store Trends - Miniso has successfully implemented a new large store model, with Miniso Land generating 1.5 billion yuan in sales within its first year in Shanghai, primarily driven by IP products [8][7]. - The trend of opening large stores is not limited to Miniso; brands like Honey Snow Ice City and H&M are also expanding their flagship stores significantly, with sizes ranging from 600 to 2400 square meters [12][21][22]. - The shift towards larger stores is seen as a response to market saturation in smaller formats, with brands aiming to create high-value, differentiated experiences [13][18][30]. Group 2: Consumer Experience and Engagement - Large stores are designed to enhance consumer engagement by offering unique experiences, such as themed areas and exclusive products, which help build brand loyalty [25][35]. - The success of large stores is attributed to their ability to create immersive environments that cannot be easily replicated online, thus providing a compelling reason for consumers to visit [39][68]. - Brands are increasingly focusing on the emotional value of shopping experiences, moving away from purely functional offerings to those that resonate with consumers on a deeper level [7][10][37]. Group 3: Market Dynamics and Challenges - Despite the trend towards large stores, the retail environment is facing challenges, including rising vacancy rates in shopping centers, which have reached 28.7% [30]. - The article notes that while some large store initiatives have failed, successful examples demonstrate that well-executed large stores can outperform traditional formats in terms of sales per square meter [32][45]. - The current retail landscape requires brands to innovate and adapt their strategies to remain relevant, particularly in the face of economic pressures and changing consumer preferences [30][41].

Core Viewpoint - Miniso Group Holding Limited (09896) announced a share buyback plan, indicating confidence in its stock value and future performance [1] Group 1 - The company plans to repurchase 51,300 shares at a total cost of $242,600 [1] - The buyback price is set between $4.7225 and $4.7525 per share [1]

Summary of Key Points Core Viewpoint - Miniso has been actively repurchasing its shares on the Hong Kong Stock Exchange, indicating a strategy to support its stock price amidst recent declines [1]. Group 1: Share Buyback Details - On December 31, Miniso repurchased 328,200 shares at prices ranging from HKD 36.100 to HKD 36.660, totaling HKD 11.91 million [1]. - The stock closed at HKD 36.400 on the same day, reflecting a decrease of 1.09% with a total trading volume of HKD 77.58 million [1]. - Since December 23, the company has conducted buybacks for five consecutive days, acquiring a total of 1,079,400 shares for a cumulative amount of HKD 39.73 million, during which the stock price fell by 5.70% [1]. Group 2: Year-to-Date Buyback Activity - Year-to-date, Miniso has executed 196 buyback transactions, acquiring a total of 17.60 million shares for a total expenditure of HKD 448 million [1].

Summary of Key Points Core Viewpoint - Miniso has been actively repurchasing its shares on the Hong Kong Stock Exchange, indicating a strategy to support its stock price amid recent declines [1]. Group 1: Share Buyback Details - On December 29, Miniso repurchased 320,600 shares at prices ranging from HKD 36.740 to HKD 38.480, totaling HKD 11.95 million [1]. - The stock closed at HKD 36.900 on the same day, reflecting a decrease of 0.81%, with total trading volume of HKD 179 million [1]. - Since December 23, the company has conducted buybacks for three consecutive days, acquiring a total of 425,800 shares for a cumulative amount of HKD 15.90 million, during which the stock price fell by 4.40% [1]. Group 2: Year-to-Date Buyback Activity - Year-to-date, Miniso has executed 192 buybacks, acquiring a total of 16.84 million shares for a total expenditure of HKD 423 million [1].