Core Insights - MINISO Group reported a revenue increase of 23.1% year over year to RMB4,966.1 million (US$693.2 million) for the June Quarter, exceeding previous guidance of 18%-21% [4][15] - The company achieved positive same-store sales growth (SSSG) after a previous contraction, with the MINISO brand's SSSG flat year over year and TOP TOY brand's SSSG growing at a low-single digit rate [4][11] - An interim dividend of US$0.2896 per ADS was announced, totaling approximately US$89.3 million (RMB639.5 million) [13] Financial Highlights for the June Quarter - Operating profit increased by 11.3% year over year to RMB836.2 million (US$116.7 million) [4][21] - Adjusted net profit rose by 10.6% year over year to RMB691.5 million (US$96.5 million), with an adjusted net margin of 13.9% [4][26] - Gross margin improved to 44.3%, up from 43.9% in the same period last year [4][18] Financial Highlights for the First Half of 2025 - Total revenue for the first half increased by 21.1% year over year to RMB9,393.1 million (US$1,311.2 million) [29] - Adjusted EBITDA grew by 11.2% year over year to RMB2,186.8 million (US$305.3 million), with an adjusted EBITDA margin of 23.3% [40] - Cash position as of June 30, 2025, was RMB7,466.1 million (US$1,042.2 million), compared to RMB6,698.1 million at the end of 2024 [42] Operational Highlights - The total number of stores increased to 7,905 as of June 30, 2025, representing a year-over-year increase of 842 stores [10] - The number of TOP TOY stores reached 293, marking a year-over-year increase of 98 stores [10] - 74.5% of new MINISO stores opened in the past year were located in overseas markets, indicating a strategic focus on global expansion [8] Recent Developments - TOP TOY brand revenue surged by 87.0% to RMB402.2 million (US$56.1 million) in the June Quarter, driven by strong performance in pop toy products [11][16] - The company is optimistic about future growth, particularly in overseas markets, following strategic investments in directly operated businesses [11][12]