Miniso Group Holding Ltd Stock Price, News & Analysis

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.

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.