Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO Group reported its unaudited financial results for Q4 and FY 2022, with Q4 revenue at RMB2,317.7 million, down 6.3% from 2021. However, gross profit rose by 20.8% to RMB771.9 million, leading to a gross margin increase to 33.3%. The operating profit surged by 44.9% to RMB272.1 million. For FY 2022, total revenue reached RMB10,085.6 million, an 11.2% year-over-year rise, alongside a profit of RMB639.7 million, a significant turnaround from a loss the previous year. The company also declared a special cash dividend of approximately US$53.5 million.

MINISO Group Holding Limited (NYSE: MNSO) has announced a special cash dividend of US$0.172 per ADS and US$0.043 per ordinary share, payable on September 9, 2022. The record date for eligibility is August 31, 2022, with an ex-dividend date of August 30, 2022. This distribution totals approximately US$53.5 million, funded by surplus cash. MINISO's operating activities generated net cash flows of RMB1,048.2 million for the nine months ending March 31, 2022.

MINISO Group Holding Limited (NYSE: MNSO) plans to release its financial results for the June quarter 2022 and full fiscal year 2022 on August 25, 2022, before market open. A conference call will follow at 8:00 A.M. Eastern Time to discuss the results, accessible via Zoom or by dialing specific numbers. The company, founded in 2013, offers a diverse range of design-led lifestyle products and operates a vast network of stores globally, emphasizing quality and affordability.

MINISO Group Holding Limited (NYSE: MNSO) announced positive profit alerts for the June quarter and full fiscal year 2022. The company expects an adjusted net profit of not less than RMB200 million for the June Quarter, a 40% increase from RMB142 million in the same period last year. For the full fiscal year, an adjusted net profit of at least RMB700 million is anticipated, up 46% from RMB477 million in 2021. Factors contributing to this growth include improved gross margins from international operations and effective expense controls amid COVID-19 challenges in China.

On July 28, 2022, MINISO Group (NYSE: MNSO) responded to allegations from Blue Orca Capital regarding their franchise model and business practices. The company refuted claims that it improperly controlled its franchise stores, clarifying that the franchise partners are independent and responsible for their expenses. MINISO also addressed accusations against Chairman Ye, asserting his financial contributions to a joint venture were legitimate. Additionally, MINISO highlighted growth in store numbers in lower-tier cities and increased licensing revenue, presenting a strategy to incentivize partners.

MINISO Group Holding Limited (NYSE: MNSO) held its annual general meeting on July 11, 2022, in Guangzhou, where all proposed shareholder resolutions were adopted. Key resolutions included the re-designation of all Class A and B ordinary shares into a single class of ordinary shares, establishing an authorized share capital of US$100,000 divided into 10 billion ordinary shares. Additionally, the Company's Memorandum and Articles of Association will be amended in conjunction with a planned listing on The Stock Exchange of Hong Kong Limited, and a dual foreign name was adopted for the Company.

MINISO Group Holding Limited (MNSO) announced the pricing of its Global Offering, comprising 41,100,000 ordinary shares at HK$13.80 each. This equates to approximately US$7.08 per American depositary share (ADS). The offering includes a public offering in Hong Kong and an international offering, with trading expected to begin on July 13, 2022. After underwriting fees, the net proceeds are projected to be around HK$475.7 million, intended for store expansion, supply chain enhancements, and technology upgrades.

MINISO Group Holding Limited (NYSE: MNSO) announced the launch of a Global Offering for 41,100,000 ordinary shares, consisting of a Hong Kong Public Offering and an International Offering.

The offering includes 4,110,000 shares for the Hong Kong segment and 36,990,000 shares internationally. The final share price will be determined on July 6, 2022. Proceeds from the offering will be used for store expansion, supply chain enhancements, and product development. The company plans to hold a shareholder meeting on July 11, 2022, to discuss changes to its governance structure.