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MNSO(MNSO) - 2025 Q1 - Earnings Call Presentation
2025-05-23 13:03
Financial Performance - MINISO Group's revenue for 2025Q1 was RMB 4427 million, an increase of 18.9% year-over-year[9, 11] - Gross profit for 2025Q1 reached RMB 1958 million, up 21.1% year-over-year, with a gross margin of 44.2% compared to 43.4% in 2024Q1[9] - Adjusted net profit for 2025Q1 was RMB 587 million, with an adjusted net margin of 13.3%[9] - Adjusted EBITDA for 2025Q1 was RMB 1037299 thousand, representing a margin of 23.4%[61] - MINISO brand revenue for 2025Q1 was RMB 4086 million, a 16.5% increase year-over-year[11] - TOP TOY brand revenue for 2025Q1 was RMB 340 million, a significant increase of 58.9% year-over-year[11, 49] Store Network Expansion - The total number of MINISO stores globally reached 7,768[9] - MINISO stores in Mainland China totaled 4,275, an increase of 241 stores year-over-year[9, 28] - MINISO stores overseas numbered 3,213, a year-over-year increase of 617 stores[9, 30] - TOP TOY had a total of 280 stores, an increase of 120 stores year-over-year[49] Regional Performance - MINISO Mainland China revenue increased by 9.1% year-over-year in 2025Q1[11, 13] - MINISO Overseas revenue increased by 30.3% year-over-year in 2025Q1[11, 32] - Overseas markets accounted for 36% of total MINISO brand revenue in 2025Q1, up from 33% in 2024Q1[45] Capital Allocation - The company has returned approximately RMB 986.9 million to shareholders year-to-date in 2025[64] - In 2024, return to shareholders as a percentage of adjusted net profit was 58%[62]