Miniso Group Holding Ltd Stock Price, News & Analysis

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.

MINISO Group Holding Limited (NYSE: MNSO) announced its upcoming annual general meeting (AGM) scheduled for July 11, 2022, at 9 a.m. in Guangzhou, China. Shareholders must record their holdings by June 16, 2022, to attend and vote. The AGM Notice includes proposed resolutions for shareholder consideration, fully supported by the Board of Directors, who recommend voting in favor. Additionally, the company has filed its annual report on Form 20-F for the fiscal year ended June 30, 2021, accessible on their website and the SEC's site.

MINISO Group Holding Limited (MNSO) announced an annual general meeting (AGM) set for July 11, 2022, in Guangzhou, China. The AGM aims to discuss proposals including amendments to the Company's memorandum and articles related to its planned dual primary listing on the Hong Kong Stock Exchange (HKEx). Key changes involve removing weighted voting rights and complying with HKEx listing rules. The record date for shareholders eligible to participate is June 16, 2022. Detailed proposals will be provided in the AGM Notice, which will be available on the Company’s website.

MINISO Group Holding Limited (NYSE: MNSO) reported its unaudited financial results for Q3 FY 2022, ending March 31, 2022. Revenue reached RMB2,341.0 million (US$369.3 million), marking a 5.0% YoY increase, while gross profit increased by 12.8% YoY to RMB706.5 million (US$111.5 million). However, operating profit and profit for the period declined to RMB141.0 million (US$22.2 million) and RMB92.7 million (US$14.6 million), respectively. The company faced challenges from COVID-19, resulting in an estimated GMV loss of RMB300 million in March. The total number of MINISO stores grew to 5,113.

MINISO Group Holding Limited (NYSE: MNSO) will release its financial results for the March quarter 2022 on May 26, 2022, before U.S. market opens. A conference call is scheduled for 8:00 A.M. Eastern Time on the same day, where management will discuss these results. The call can be accessed via Zoom or by dialing specific numbers provided in the press release. MINISO has established itself as a recognized retail brand since its inception in 2013, focusing on design-led lifestyle products and an engaging shopping experience for consumers.

MINISO Group announced its financial results for Q2 FY2022, reporting revenue of RMB2,772.8 million (US$435.1 million), a 20.7% year-over-year increase. Gross profit reached RMB862.9 million, 34.2% higher than last year, with a gross margin of 31.1%. Operating profit was RMB255.4 million, with profit for the period at RMB184.1 million, a significant increase from RMB20.8 million in Q2 2020. The number of stores grew to 5,045. CEO Guofu Ye expressed confidence in future growth, despite ongoing challenges from the pandemic.

MINISO Group Holding Limited (MNSO) announced that it will release its December quarter 2021 financial results on March 3, 2022, before U.S. markets open. The management will hold an earnings conference call at 7:00 A.M. ET on the same day to discuss the results. The call will be accessible via Zoom and through multiple dial-in options. MINISO is recognized for its affordable, design-led lifestyle products and has rapidly expanded its global store network since 2013.

Carmila reported a strong financial performance for 2021, with recurring earnings per share at €1.24, exceeding guidance and up 3% from 2020. A cash dividend of €1.00 per share is proposed, along with a new €20 million share buyback program. The company anticipates 10% annual growth in recurring earnings for 2022 and 2023. A solid balance sheet is bolstered by a loan-to-value ratio of 37.4% and an EPRA Net Disposal Value of €22.99 per share. The strategic plan aims for sustainable growth and net zero emissions by 2030.

Facedrive Inc. announced a change in its senior management, with Nastassia Law resigning as Chief Financial Officer, effective March 4, 2022. She will assist in transitioning to Jason Xie, who previously served as Vice President of Operations and Finance. Xie brings over 15 years of financial management experience and has led the establishment of new internal financial controls since joining in 2021. This transition aims to better integrate finance with operations, aligning financial management with accounting standards relevant to technology platforms in the gig economy.