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.
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MINISO Group Holding (NYSE: MNSO; HKEX: 9896) has announced the adoption of a new dividend policy effective July 27, 2023. The policy aims to provide foreseeable returns to shareholders, targeting an annual dividend no less than 50% of its annual adjusted net profit. This decision marks a significant milestone in MINISO's capital allocation strategy, balancing long-term growth investments with shareholder value returns.
The company has previously declared cash dividends in 2021 and 2022, with aggregate amounts of approximately RMB304.7 million and RMB360.8 million respectively. The Board retains discretion over dividend declarations, considering factors such as profitability, capital requirements, financial position, and contractual restrictions. However, the policy does not constitute a legally binding commitment for future dividends.
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MINISO Group Holding Limited (NYSE: MNSO) announced a positive profit alert for the quarter ending March 31, 2023. The company projects an adjusted net profit of at least RMB400 million, a significant increase of over 260% from RMB110.7 million in the same quarter of 2022. The growth is attributed to higher gross margins from new products and successful cost-saving measures. Additionally, operating expenses as a percentage of revenue decreased, reflecting a strong sales recovery in China and international markets. However, the data is preliminary and subject to change, emphasizing caution for investors.