Core Viewpoint - Miniso has been actively repurchasing its shares, signaling confidence in its future growth and potentially indicating that its stock is undervalued in the market [3][4]. Share Buyback Summary - On July 29, Miniso repurchased 226,000 shares at an average price of HKD 37.42 per share, totaling approximately HKD 845,700. The cumulative buyback for the year reached 9.1238 million shares, accounting for 0.74% of the total share capital [1][3]. - As of the same day, Miniso's stock price increased by 2.0%, closing at HKD 38.25 per share [2]. Company Overview - Miniso is a well-known retail enterprise that offers a variety of products, including household goods, creative home decor, fashion accessories, and health and beauty items, with a core business philosophy of "quality, creativity, and low prices" [4]. - The company has established a strong global presence with numerous stores worldwide, benefiting from a high cost-performance ratio that attracts a large consumer base [4]. - Miniso's business model involves close cooperation with various suppliers, enabling efficient product development, procurement, and sales, which allows the company to quickly respond to market demands and continuously introduce new product styles [4]. - Following its listing on the Hong Kong Stock Exchange, Miniso has garnered significant attention from investors, with its stock performance closely linked to its operational results, market expansion, and industry competition [4].