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MINISO Group Holding Limited reports developments as a global value retailer of trendy lifestyle products featuring IP designs. The company serves consumers through the MINISO store network and operates TOP TOY for pop toys, with updates often centered on store openings, same-store sales or GMV, revenue, margins, and brand performance in mainland China and overseas markets.
MINISO also discloses annual general meeting materials, annual reporting, ADS and Hong Kong ordinary-share voting matters, ownership and governance updates, and capital-market communications tied to its NYSE and HKEX listings.
MINISO (NYSE: MNSO) recently launched the #PlantForPanda# campaign to support panda conservation by planting bamboo in China's Qinling Giant Panda Habitat. The initiative, part of its Corporate Social Responsibility efforts, encourages global engagement across 14 countries. As of October 7, 2022, MINISO successfully facilitated the planting of 50,183 bamboo clumps, with plans to complete the project by spring 2023. The campaign garnered significant interaction online and offline, with nearly 600,000 consumers participating in related events. This move reflects MINISO's long-standing commitment to social responsibility.
MINISO Group Holding Limited (NYSE: MNSO) has announced its annual general meeting (AGM) on December 7, 2022, in Guangzhou, China. Shareholders of record as of November 7, 2022, are eligible to attend and vote. Concurrently, the company has filed its annual report on Form 20-F for the fiscal year ending June 30, 2022, with the SEC. This report includes the audited consolidated financial statements and can be accessed online. MINISO aims to provide a variety of design-led lifestyle products, promoting an engaging shopping experience worldwide.
MINISO (NYSE: MNSO) opened its 2000th store outside China on October 1, 2022, in Lyon, France. This milestone marks a significant step in the brand's global expansion since 2015. The new store, located in the Saint Genis 2 shopping center, spans 200m² and features popular licensed collections, attracting six million annual visitors. The brand aims to have 20 outlets in France by the end of 2022, having already established stores in Paris, Lille, Nantes, and Calais. As of June 30, 2022, MINISO operates around 5,200 stores globally, with approximately 200 in Europe.
On October 1, MINISO (NYSE: MNSO) reopened its Vaughan Mills store in Toronto, unveiling the new "$2 Plus" concept aimed at enhancing the shopping experience while providing affordable products. This revamp reflects MINISO's adaptation to rising inflation, emphasizing quality and diversity over traditional dollar store offerings. With 50 stores in Canada since 2017, MINISO focuses on offering well-designed products at reasonable prices. The Vaughan Mills store is among the first to implement this concept, alongside three others in Ontario and British Columbia.
MINISO Group Holding Limited (NYSE: MNSO) announced that chairman and CEO Guofu Ye plans to purchase up to $5 million worth of the Company’s ordinary shares and/or American depositary shares within the next twelve months. This amount represents approximately 0.3% of the total issued share capital as of September 28, 2022. Ye currently holds about 61.6% of the issued shares through controlled entities. The purchases will depend on market conditions and are meant to demonstrate confidence in MINISO’s long-term growth. However, shareholders should note that the purchase plan may not proceed.
MINISO Group, a global retailer, announced a new share repurchase program authorized on September 29, 2022, allowing the repurchase of up to US$100 million in shares over 12 months. The program aims to enhance shareholder value and is expected to be funded from surplus cash. Repurchases may occur through various methods based on market conditions. The Board expresses confidence in the company's future, noting the financial resources available will not adversely impact working capital.
MINISO Group Holding Limited (NYSE: MNSO) has announced that its Independent Investigation, prompted by allegations in a July 26 report from Blue Orca Capital, is now substantially complete. The Independent Committee, composed of independent directors, oversaw the investigation, which involved third-party legal and forensic experts. The findings indicate that key allegations regarding the franchise business model and land deals involving the chairman were not substantiated. This outcome may positively influence investor sentiment and confidence in the company's governance.
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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.