MINISO Group Announces 2024 June Quarter and Interim Unaudited Financial Results
Financial Highlights for the
-
Revenue increased 24.1% year over year to
RMB4,035.2 million (US$555.3 million ), surpassingRMB4 billion for the first time. -
Gross profit increased 36.9% year over year to
RMB1,773.3 million (US$244.0 million ). - Gross margin was 43.9%, a record high for the Company, compared to 39.8% in the same period of 2023.
-
Operating profit increased 8.9% year over year to
RMB751.5 million (US$103.4 million ). -
Profit for the period increased 8.1% year over year to
RMB591.4 million (US$81.4 million ). -
Adjusted net profit
(1) increased 9.4% year over year to
RMB625.0 million (US$86.0 million ). Adjusted net profit included a net foreign exchange loss ofRMB4.2 million (US$0.6 million ) in theJune Quarter , compared to a net foreign exchange gain ofRMB66.1 million in the same period of last year. Excluding net foreign exchange loss and gain, adjusted net profit would have increased 24.6% year over year. -
Adjusted net margin
(1) was 15.5%, compared to 17.6% in the same period of 2023. Excluding net foreign exchange loss and gain, adjusted net profit margin for the
June Quarter would have been 15.6%, compared to 15.5% in the same period of 2023. -
Adjusted EBITDA
(1) increased 17.1% year over year to
RMB1,002.0 million (US$137.9 million ). - Adjusted EBITDA margin (1) was 24.8%, compared to 26.3% in the same period of 2023.
-
Adjusted basic and diluted earnings per ADS
(1) both increased 11.1% year over year to
RMB2.00 (US$0.28 ).
Financial Highlights for the First Half of 2024
-
Revenue increased 25.0% year over year to
RMB7,758.7 million (US$1,067.6 million ). -
Gross profit increased 37.9% year over year to
RMB3,389.8 million (US$466.5 million ). - Gross margin was 43.7%, compared to 39.6% in the same period last year.
-
Operating profit increased 18.1% year over year to
RMB1,494.8 million (US$205.7 million ). -
Profit for the period increased 15.7% year over year to
RMB1,177.4 million (US$162.0 million ). -
Adjusted net profit
(1) increased 17.8% year over year to
RMB1,241.9 million (US$170.9 million ). Adjusted net profit included a net foreign exchange loss ofRMB12.4 million (US$1.7 million ) in the First Half of 2024, compared to a net foreign exchange gain ofRMB54.9 million in the same period of last year. Excluding net foreign exchange loss and gain, adjusted net profit would have increased 25.5% year over year. - Adjusted net margin (1) was 16.0%, compared to 17.0% in the same period of 2023. Excluding net foreign exchange loss and gain, adjusted net profit margin for the First Half of 2024 would have been 16.2%, compared to 16.1% in the same period of 2023.
-
Adjusted EBITDA
(1) increased 26.0% year over year to
RMB1,967.4 million (US$270.7 million ). - Adjusted EBITDA margin (1) was 25.4%, compared to 25.2% in the same period of 2023.
-
Adjusted basic and diluted earnings per ADS
(1) were both
RMB3.96 (US$0.54 ), representing increases of 17.9% and 19.3% year over year, respectively. -
Net cash from operating activities increased 4.9% year over year to
RMB1,293.8 million (US$178.0 million ). Capital expenditure wasRMB302.8 million (US$41.7 million ) and free cash flow wasRMB991.0 million (US$136.4 million ) for the First Half of 2024.
Operational Highlights
-
Number of
MINISO stores was 6,868 as ofJune 30, 2024 , with an opening of 455 net new stores in the First Half of 2024. -
Number of
MINISO stores in mainlandChina was 4,115 as ofJune 30, 2024 , with an opening of 189 net new stores in the First Half of 2024. -
Number of
MINISO stores in overseas markets was 2,753 as ofJune 30, 2024 , with a record opening of 266 net new stores in the First Half of 2024, compared to 72 in the same period of 2023. -
Number of TOP TOY stores was 195 as of
June 30, 2024 , with a record opening of 47 net new stores in the First Half of 2024.
Note:
(1) See the sections titled "Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS Financial Measures" in this press release for more information.
The following table provides a breakdown of the Company's store network and its growth. The Company nearly doubled its directly operated stores compared to a year ago. In the First Half of 2024, the Company had a net increase of 115 directly operated stores, 105 of which located in overseas markets, demonstrating the Company's development strategy.
|
As of |
|
|
||
|
2023 |
2023 |
2024 |
YoY |
YTD(3) |
Number of |
5,791 |
6,413 |
6,868 |
1,077 |
455 |
Mainland |
3,604 |
3,926 |
4,115 |
511 |
189 |
—Directly operated stores |
15 |
26 |
29 |
14 |
3 |
—Third-party stores |
3,589 |
3,900 |
4,086 |
497 |
186 |
Overseas |
2,187 |
2,487 |
2,753 |
566 |
266 |
—Directly operated stores |
176 |
238 |
343 |
167 |
105 |
—Third-party stores |
2,011 |
2,249 |
2,410 |
399 |
161 |
Number of TOP TOY stores (2) |
118 |
148 |
195 |
77 |
47 |
—Directly operated stores |
9 |
14 |
21 |
12 |
7 |
—Third-party stores |
109 |
134 |
174 |
65 |
40 |
Notes:
(1) "
(2) "TOP TOY stores" refers to the offline stores operated under the "TOP TOY" brand, including those directly operated by the Company, and those operated by third parties under the MINISO Retail Partner model.
(3) "Year-to-date" or "YTD" refers to the period starting from
Mr.
"Despite short-term headwind and uncertainties brought by the macro environment,
Mr.
Our financial strategy will continue to remain disciplined in terms of budgeting, cost controls and allocation of capital as we commit to delivering stable profit and healthy cash flows. Our targets for the year of 2024 remain unchanged from our expectations at the beginning of the year, revenue is expected to increase 20% to 30% on year-over-year basis, and adjusted net profit target is
"Our capital allocation strategy will also continue to balance fast growth and our commitment to bring stable and foreseeable returns to shareholders.
Interim Dividend Declaration
On
For holders of ordinary shares, in order to qualify for the interim cash dividend, all valid documents for the transfer of ordinary shares accompanied by the relevant share certificates must be lodged for registration with the Company's
Unaudited Financial Results for the
Revenue was
For more information on the composition and year-over-year change of revenue, please refer to the "Unaudited Additional Information" in this press release.
Cost of sales was
Gross profit was
Gross margin was 43.9%, representing a record high with an increase of 4.1 percentage points year over year.
Selling and distribution expenses were
General and administrative expenses were
Other net income was
Profit for the period was
Adjusted net profit, which represents profit for the period excluding equity-settled share-based payment expenses, was
Adjusted net margin was 15.5%, compared to 17.6% in the same period of 2023. Excluding net foreign exchange loss and gain, adjusted net margin would have been 15.6%, compared to 15.5% in the same period of 2023.
Adjusted EBITDA was
Adjusted EBITDA margin was 24.8%, compared to 26.3% in the same period of 2023.
Basic and diluted earnings per ADS were both
Adjusted basic and diluted earnings per ADS were both
Unaudited Financial Results for the First Half of 2024
Revenue was
Revenue from mainland
Revenue from overseas markets increased 42.6% to RMB2,732.0 million (
For more information on the composition and year-over-year change of revenue, please refer to the "Unaudited Additional Information" in this press release.
Cost of sales was
Gross profit was
Gross margin was 43.7%, representing an increase of 4.1 percentage points. The year-over-year increase in gross margin was primarily due to (i) higher revenue contribution from directly operated markets which accounted for 55.7% of revenue from overseas markets, compared to 45.7% in the same period of 2023, (ii) higher gross margin in mainland
Other income was
Selling and distribution expenses were
General and administrative expenses were
Other net income was
Operating profit was
Net finance income was
Profit for the period was
Adjusted net profit, which represents profit for the period excluding equity-settled share-based payment expenses, was
Adjusted net margin was 16.0%, compared to 17.0% in the same period of 2023. Excluding net foreign exchange loss and gain, adjusted net margin would have been 16.2%, compared to 16.1% in the same period of 2023.
Adjusted EBITDA increased 26.0% year over year to
Adjusted EBITDA margin was 25.4%, compared to 25.2% in the same period of 2023.
Basic earnings per ADS increased 16.0% year over year to
Diluted earnings per ADS increased 17.5% year over year to
Adjusted basic earnings per ADS increased 17.9% year over year to
Adjusted diluted earnings per ADS increased 19.3% year over year to
Net cash from operating activities increased 4.9% year over year to
Conference Call
The Company's management will hold an earnings conference call at 5:00 A.
Access 1
Join Zoom meeting.
Zoom link: https://zoom.us/j/95898852484?pwd=tBbbJPUtyGu20f1OCy4sxYDNBAGy72.1
Meeting Number: 958 9885 2484
Meeting Passcode:9896
Access 2
Listeners may access the call by dialing the following numbers with the same meeting number and passcode with access 1.
|
+1 689 278 1000 (or +1 719 359 4580) |
|
+852 5803 3730 (or +852 5803 3731) |
|
+44 203 481 5237 (or +44 131 460 1196) |
|
+33 1 7037 9729 (or +33 1 7037 2246) |
|
+65 3158 7288 (or +65 3165 1065) |
|
+1 438 809 7799 (or +1 204 272 7920) |
Access 3
Listeners can also access the meeting through the Company's investor relations website at https://ir.miniso.com/.
The replay will be available approximately two hours after the conclusion of the live event at the Company's investor relations website at https://ir.miniso.com/.
About
Exchange Rate
The
Non-IFRS Financial Measures
In evaluating the business,
These non-IFRS financial measures are not defined under IFRS and are not presented in accordance with IFRS. These non-IFRS financial measures have limitations as analytical tools. One of the key limitations of using these non-IFRS financial measures is that they do not reflect all items of income and expense that affect
These non-IFRS financial measures should not be considered in isolation or construed as alternatives to profit, net profit margin, basic and diluted earnings per share and basic and diluted earnings per ADS, as applicable, or any other measures of performance or as indicators of
For more information on the non-IFRS financial measures, please see the table captioned "Reconciliation of Non-IFRS Financial Measures" set forth at the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Investor Relations Contacts:
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
|
||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION |
||||||
(Expressed in thousands) |
||||||
|
||||||
|
|
As at |
|
As at |
||
|
|
|
|
|
||
|
|
(Audited) |
|
(Unaudited) |
||
|
|
RMB'000 |
|
RMB'000 |
|
US$'000 |
ASSETS |
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
Property, plant and equipment |
|
769,306 |
|
1,047,687 |
|
144,167 |
Right-of-use assets |
|
2,900,860 |
|
3,684,817 |
|
507,048 |
Intangible assets |
|
19,554 |
|
12,333 |
|
1,697 |
|
|
21,643 |
|
21,247 |
|
2,924 |
Deferred tax assets |
|
104,130 |
|
116,577 |
|
16,042 |
Other investments |
|
90,603 |
|
106,102 |
|
14,600 |
Trade and other receivables |
|
135,796 |
|
173,136 |
|
23,823 |
Term deposits |
|
100,000 |
|
103,308 |
|
14,216 |
Interests in equity-accounted |
|
15,783 |
|
14,814 |
|
2,038 |
|
|
|
|
|
|
|
|
|
4,157,675 |
|
5,280,021 |
|
726,555 |
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
Other investments |
|
252,866 |
|
350,913 |
|
48,287 |
Inventories |
|
1,922,241 |
|
1,949,849 |
|
268,308 |
Trade and other receivables |
|
1,518,357 |
|
1,614,148 |
|
222,114 |
Cash and cash equivalents |
|
6,415,441 |
|
6,233,089 |
|
857,702 |
Restricted cash |
|
7,970 |
|
1,965 |
|
270 |
Term deposits |
|
210,759 |
|
283,007 |
|
38,943 |
|
|
|
|
|
|
|
|
|
10,327,634 |
|
10,432,971 |
|
1,435,624 |
|
|
|
|
|
|
|
Total assets |
|
14,485,309 |
|
15,712,992 |
|
2,162,179 |
|
||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED) |
||||||
(Expressed in thousands) |
||||||
|
||||||
|
|
As at |
|
As at |
||
|
|
|
|
June30, 2024 |
||
|
|
(Audited) |
|
(Unaudited) |
||
|
|
RMB'000 |
|
RMB'000 |
|
US$'000 |
EQUITY |
|
|
|
|
|
|
Share capital |
|
95 |
|
95 |
|
13 |
Additional paid-in capital |
|
6,331,375 |
|
5,543,845 |
|
762,858 |
Other reserves |
|
1,114,568 |
|
1,260,576 |
|
173,461 |
Retained earnings |
|
1,722,157 |
|
2,892,259 |
|
397,988 |
|
|
|
|
|
|
|
Equity attributable to equity |
|
9,168,195 |
|
9,696,775 |
|
1,334,320 |
Non-controlling interests |
|
23,022 |
|
28,006 |
|
3,854 |
|
|
|
|
|
|
|
Total equity |
|
9,191,217 |
|
9,724,781 |
|
1,338,174 |
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
Contract liabilities |
|
40,954 |
|
39,299 |
|
5,408 |
Loans and borrowings |
|
6,533 |
|
6,414 |
|
883 |
Other payables |
|
12,411 |
|
32,786 |
|
4,512 |
Lease liabilities |
|
797,986 |
|
1,481,836 |
|
203,907 |
Deferred income |
|
29,229 |
|
37,480 |
|
5,157 |
|
|
|
|
|
|
|
|
|
887,113 |
|
1,597,815 |
|
219,867 |
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
Contract liabilities |
|
324,028 |
|
344,422 |
|
47,394 |
Loans and borrowings |
|
726 |
|
713 |
|
98 |
Trade and other payables |
|
3,389,826 |
|
3,328,888 |
|
458,070 |
Lease liabilities |
|
447,319 |
|
455,453 |
|
62,672 |
Deferred income |
|
6,644 |
|
6,685 |
|
920 |
Current taxation |
|
238,436 |
|
254,235 |
|
34,984 |
|
|
|
|
|
|
|
|
|
4,406,979 |
|
4,390,396 |
|
604,138 |
|
|
|
|
|
|
|
Total liabilities |
|
5,294,092 |
|
5,988,211 |
|
824,005 |
|
|
|
|
|
|
|
Total equity and liabilities |
|
14,485,309 |
|
15,712,992 |
|
2,162,179 |
|
||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME |
||||||||||||
(Expressed in thousands, except for per ordinary share and per ADS data) |
||||||||||||
|
||||||||||||
|
|
Three months ended |
|
Six months ended |
||||||||
|
|
2023 |
|
2024 |
|
2023 |
|
2024 |
||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
|
|
RMB'000 |
|
RMB'000 |
|
US$ '000 |
|
RMB'000 |
|
RMB'000 |
|
US$ '000 |
Revenue |
|
3,252,182 |
|
4,035,212 |
|
555,264 |
|
6,206,330 |
|
7,758,743 |
|
1,067,639 |
Cost of sales |
|
(1,956,535) |
|
(2,261,884) |
|
(311,246) |
|
(3,748,938) |
|
(4,368,957) |
|
(601,188) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
1,295,647 |
|
1,773,328 |
|
244,018 |
|
2,457,392 |
|
3,389,786 |
|
466,451 |
Other income |
|
2,842 |
|
9,053 |
|
1,246 |
|
3,624 |
|
12,698 |
|
1,747 |
Selling and distribution expenses |
|
(478,948) |
|
(826,061) |
|
(113,670) |
|
(917,966) |
|
(1,522,088) |
|
(209,446) |
General and administrative expenses |
|
(164,499) |
|
(227,232) |
|
(31,268) |
|
(319,705) |
|
(418,573) |
|
(57,598) |
Other net income |
|
37,966 |
|
26,867 |
|
3,697 |
|
41,256 |
|
41,696 |
|
5,738 |
Reversal/(Credit loss) of credit loss on |
|
460 |
|
(2,939) |
|
(404) |
|
4,788 |
|
(3,606) |
|
(496) |
Impairment loss on non-current assets |
|
(3,448) |
|
(1,492) |
|
(205) |
|
(3,448) |
|
(5,104) |
|
(702) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit |
|
690,020 |
|
751,524 |
|
103,414 |
|
1,265,941 |
|
1,494,809 |
|
205,694 |
Finance income |
|
46,814 |
|
33,716 |
|
4,639 |
|
80,541 |
|
74,606 |
|
10,266 |
Finance costs |
|
(9,631) |
|
(24,686) |
|
(3,397) |
|
(18,277) |
|
(40,595) |
|
(5,586) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net finance income |
|
37,183 |
|
9,030 |
|
1,242 |
|
62,264 |
|
34,011 |
|
4,680 |
Share of profit of an equity-accounted |
|
- |
|
181 |
|
25 |
|
- |
|
301 |
|
41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before taxation |
|
727,203 |
|
760,735 |
|
104,681 |
|
1,328,205 |
|
1,529,121 |
|
210,415 |
Income tax expense |
|
(180,212) |
|
(169,310) |
|
(23,298) |
|
(310,287) |
|
(351,742) |
|
(48,401) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
546,991 |
|
591,425 |
|
81,383 |
|
1,017,918 |
|
1,177,379 |
|
162,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
Equity shareholders of the Company |
|
539,331 |
|
587,630 |
|
80,861 |
|
1,004,836 |
|
1,170,102 |
|
161,013 |
Non-controlling interests |
|
7,660 |
|
3,795 |
|
522 |
|
13,082 |
|
7,277 |
|
1,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share for ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
-Basic |
|
0.43 |
|
0.47 |
|
0.06 |
|
0.81 |
|
0.94 |
|
0.13 |
-Diluted |
|
0.43 |
|
0.47 |
|
0.06 |
|
0.80 |
|
0.94 |
|
0.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per ADS |
|
|
|
|
|
|
|
|
|
|
|
|
(Each ADS represents 4 ordinary |
||||||||||||
-Basic |
|
1.72 |
|
1.88 |
|
0.26 |
|
3.24 |
|
3.76 |
|
0.52 |
-Diluted |
|
1.72 |
|
1.88 |
|
0.26 |
|
3.20 |
|
3.76 |
|
0.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONTINUED) |
||||||||||||
(Expressed in thousands) |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
||||||||
|
|
2023 |
|
2024 |
|
2023 |
|
2024 |
||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
|
|
RMB'000 |
|
RMB'000 |
|
US$ '000 |
|
RMB'000 |
|
RMB'000 |
|
US$ '000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
546,991 |
|
591,425 |
|
81,383 |
|
1,017,918 |
|
1,177,379 |
|
162,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Items that may be reclassified |
|
|
|
|
|
|
|
|
|
|
|
|
Exchange differences on translation of |
|
62,799 |
|
2,990 |
|
411 |
|
54,832 |
|
6,845 |
|
941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income for the |
|
62,799 |
|
2,990 |
|
411 |
|
54,832 |
|
6,845 |
|
941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income for the |
|
609,790 |
|
594,415 |
|
81,794 |
|
1,072,750 |
|
1,184,224 |
|
162,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
Equity shareholders of the Company |
|
601,200 |
|
591,877 |
|
81,445 |
|
1,057,099 |
|
1,178,043 |
|
162,104 |
Non-controlling interests |
|
8,590 |
|
2,538 |
|
349 |
|
15,651 |
|
6,181 |
|
851 |
|
||||||||||||
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES |
||||||||||||
(Expressed in thousands, except for per share, per ADS data and percentages) |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
||||||||
|
|
2023 |
|
2024 |
|
2023 |
|
2024 |
||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|||||||||
|
|
RMB'000 |
|
RMB'000 |
|
US$'000 |
|
RMB'000 |
|
RMB'000 |
|
US$'000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of profit for the period to |
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
546,991 |
|
591,425 |
|
81,383 |
|
1,017,918 |
|
1,177,379 |
|
162,014 |
Add back: |
|
|
|
|
|
|
|
|
|
|
|
|
Equity-settled share-based payment |
|
24,212 |
|
33,570 |
|
4,619 |
|
36,302 |
|
64,507 |
|
8,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net profit |
|
571,203 |
|
624,995 |
|
86,002 |
|
1,054,220 |
|
1,241,886 |
|
170,890 |
Adjusted net margin |
|
17.6 % |
|
15.5 % |
|
15.5 % |
|
17.0 % |
|
16.0 % |
|
16.0 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
Equity shareholders of the Company |
|
563,543 |
|
621,021 |
|
85,455 |
|
1,041,138 |
|
1,234,430 |
|
169,864 |
Non-controlling interests |
|
7,660 |
|
3,974 |
|
547 |
|
13,082 |
|
7,456 |
|
1,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net earnings per share (1) |
|
|
|
|
|
|
|
|
|
|
|
|
-Basic |
|
0.45 |
|
0.50 |
|
0.07 |
|
0.84 |
|
0.99 |
|
0.14 |
-Diluted |
|
0.45 |
|
0.50 |
|
0.07 |
|
0.83 |
|
0.99 |
|
0.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net earnings per ADS |
|
|
|
|
|
|
|
|
|
|
|
|
-Basic |
|
1.80 |
|
2.00 |
|
0.28 |
|
3.36 |
|
3.96 |
|
0.54 |
-Diluted |
|
1.80 |
|
2.00 |
|
0.28 |
|
3.32 |
|
3.96 |
|
0.54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of adjusted net profit for |
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net profit |
|
571,203 |
|
624,995 |
|
86,002 |
|
1,054,220 |
|
1,241,886 |
|
170,890 |
Add back: |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
94,379 |
|
183,029 |
|
25,186 |
|
179,004 |
|
333,131 |
|
45,840 |
Finance costs |
|
9,631 |
|
24,686 |
|
3,397 |
|
18,277 |
|
40,595 |
|
5,586 |
Income tax expense |
|
180,212 |
|
169,310 |
|
23,298 |
|
310,287 |
|
351,742 |
|
48,401 |
Adjusted EBITDA |
|
855,425 |
|
1,002,020 |
|
137,883 |
|
1,561,788 |
|
1,967,354 |
|
270,717 |
Adjusted EBITDA margin |
|
26.3 % |
|
24.8 % |
|
24.8 % |
|
25.2 % |
|
25.4 % |
|
25.4 % |
Note:
(1) Adjusted basic and diluted net earnings per share are computed by dividing adjusted net profit attributable to the equity shareholders of the Company by the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis.
|
||||||||||||||||
UNAUDITED ADDITIONAL INFORMATION |
||||||||||||||||
(Expressed in thousands , except for percentages) |
||||||||||||||||
|
|
Three months ended |
|
|
|
Six months ended |
|
|
||||||||
|
|
2023 |
|
2024 |
|
YoY |
|
2023 |
|
2024 |
|
YoY |
||||
|
|
RMB'000 |
|
RMB'000 |
|
US$'000 |
|
|
RMB'000 |
|
RMB'000 |
|
US$'000 |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mainland |
|
2,137,422 |
|
2,525,064 |
|
347,460 |
|
18.1 % |
|
4,290,654 |
|
5,026,729 |
|
691,701 |
|
17.2 % |
-MINISO Brand(1) |
|
1,951,592 |
|
2,308,008 |
|
317,592 |
|
18.3 % |
|
3,952,460 |
|
4,592,798 |
|
631,990 |
|
16.2 % |
-TOP TOY Brand |
|
172,965 |
|
214,952 |
|
29,578 |
|
24.3 % |
|
310,867 |
|
428,772 |
|
59,001 |
|
37.9 % |
-Others(2) |
|
12,865 |
|
2,104 |
|
290 |
|
(83.6) % |
|
27,327 |
|
5,159 |
|
710 |
|
(81.1) % |
Overseas |
|
1,114,760 |
|
1,510,148 |
|
207,804 |
|
35.5 % |
|
1,915,676 |
|
2,732,014 |
|
375,938 |
|
42.6 % |
|
|
3,252,182 |
|
4,035,212 |
|
555,264 |
|
24.1 % |
|
6,206,330 |
|
7,758,743 |
|
1,067,639 |
|
25.0 % |
Note:
(1) "MINISO Brand" refers to the revenue generated from MINISO brand including revenue from offline stores, e-commerce and others in mainland
(2) "Others" refers to revenue generated from other operating segments such as "WonderLife", which was a secondary brand targeting on lower-tier cities in mainland
|
|||||||||
UNAUDITED ADDITIONAL INFORMATION |
|||||||||
NUMBER OF MINISO STORES IN MAINLAND |
|||||||||
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
|
||||
|
2023 |
|
2023 |
|
2024 |
|
YoY |
|
YTD(1) |
By City Tiers |
|
|
|
|
|
|
|
|
|
First-tier cities |
474 |
|
522 |
|
541 |
|
67 |
|
19 |
Second-tier cities |
1,496 |
|
1,617 |
|
1,705 |
|
209 |
|
88 |
Third- or lower-tier cities |
1,634 |
|
1,787 |
|
1,869 |
|
235 |
|
82 |
Total |
3,604 |
|
3,926 |
|
4,115 |
|
511 |
|
189 |
Note:
(1) "YTD" refers to the period starting from
|
|||||||||||
UNAUDITED ADDITIONAL INFORMATION |
|||||||||||
NUMBER OF MINISO STORES IN OVERSEAS MARKETS |
|||||||||||
|
|
|
|
|
|
|
|
|
|
||
|
As of |
|
|
|
|
||||||
|
|
|
|
|
|
|
YoY |
|
YTD(1) |
||
By Regions |
|
|
|
|
|
||||||
|
1,206 |
|
1,333 |
|
1,484 |
|
278 |
|
151 |
||
|
123 |
|
172 |
|
234 |
|
111 |
|
62 |
||
|
492 |
|
552 |
|
584 |
|
92 |
|
32 |
||
|
198 |
|
231 |
|
244 |
|
46 |
|
13 |
||
Others |
168 |
|
199 |
|
207 |
|
39 |
|
8 |
||
Total |
2,187 |
|
2,487 |
|
2,753 |
|
566 |
|
266 |
||
|
|
|
|
|
|
|
|
|
|
|
|
Note:
(1) "YTD" refers to the period starting from
View original content:https://www.prnewswire.com/news-releases/miniso-group-announces-2024-june-quarter-and-interim-unaudited-financial-results-302234848.html
SOURCE