MINISO Group Holding Ltd (MNSO) SEC Filings

MINISO Group Holding Limited (MNSO) granted new equity awards to employees under its 2020 Share Incentive Plan. On September 1, 2026, the company granted 339,840 RSUs, representing the same number of new ordinary shares and approximately 0.03% of total shares in issue, to six employees who are not directors, senior management, chief executives or substantial shareholders. The RSUs have a vesting schedule over roughly one to five years, with 73,000 RSUs for one grantee subject to performance targets tied to group financial performance and departmental KPIs, while the remaining awards are time-based. A clawback mechanism applies to unvested and, in serious misconduct or unfair competition cases, even vested shares. After this grant, awards representing 32,592,361 shares remain available for grant under the plan, including 31,051,290 new shares still available under the scheme mandate limit.

MINISO Group Holding Ltd (MNSO) reported strong top-line growth but weaker profitability for the six months ended June 30, 2026. 26H1 revenue rose 22.4% year over year to RMB11,498.9 million, with MINISO Chinese mainland up 26.2% and overseas markets up 14.9%. TOP TOY revenue grew 32.7%. Group gross margin held at 44.3%, and profit for the period increased 5.6% to RMB956.6 million, while adjusted net profit excluding FX edged down slightly to RMB1,221.6 million. Net cash from operating activities grew 45.5% to RMB1,475.4 million and cash position reached RMB7,394.2 million.

Expenses rose faster than sales: selling and distribution costs excluding SBC increased 36.7%, lifting their share of revenue by 2.7 percentage points in 26H1 and compressing adjusted margins. In 26Q2, revenue grew 17.0% to RMB5,810.5 million, but the company recorded a RMB291.5 million loss, versus a prior-year profit of RMB489.5 million, mainly due to a RMB597.2 million unrealized mark-to-market loss on an AI-focused limited partnership investment, higher S&D expenses, and FX losses. Adjusted 26Q2 net profit was RMB528.6 million, down from RMB692.3 million.

The store network continued to expand, reaching 8,674 stores worldwide, a net increase of 769 year over year, with 3,644 in overseas markets and 365 under the TOP TOY brand. Capital return was significant: MINISO returned RMB1.31 billion to shareholders via dividends and buybacks in 26H1, equal to 121% of adjusted net profit for the period, and the board approved a new share repurchase program of up to HK$2.0 billion.

MINISO Group Holding Limited reports preliminary unaudited results indicating that for the six months ended June 30, 2026, the Group expects revenue of RMB11,450–11,550 million, representing 22–23% year-over-year growth. Operating profit is anticipated at RMB1,620–1,660 million, up 5–7% year over year, with profit for the period of RMB940–960 million, up 4–6%.

Basic and diluted EPS are expected at RMB0.78–0.79, rising 5–7% and 6–9% respectively. Results are supported by an unrealized mark-to-market gain of about RMB277 million from an AI-focused limited partnership and around RMB60 million equity pick-up from Yonghui Superstores, partially offset by higher selling and distribution expenses, a net foreign exchange loss of about RMB142 million, higher finance costs, and losses related to equity-linked securities and preferred shares. Adjusted operating profit excluding foreign exchange is expected to grow 4–6%, while adjusted net profit excluding foreign exchange is projected to decline 1–3% year over year. These figures are preliminary and based on unaudited management accounts.

MINISO Group Holding Limited has launched a new 2026 share repurchase program authorizing buybacks of up to HK$2 billion of ordinary shares and ADSs over 12 months starting June 30, 2026. Repurchases will be funded from surplus cash and executed via open-market purchases, block trades and other permitted methods under annually renewed mandates allowing buybacks of up to 10% of issued shares.

The company has already repurchased about HK$1.37 billion of stock under its prior extended program. It is also putting in place automatic repurchase arrangements of up to HK$800 million, including a Hong Kong program capped at HK$400 million and a Rule 10b5-1 ADS program of about US$51.3 million, both running into late 2026. Hong Kong regulators granted waivers and approvals to allow these automatic programs to operate within specific listing rule constraints. The board states it has full confidence in the business outlook but cautions there is no assurance on timing, quantity or price of repurchases.

MINISO Group Holding Limited filed Amendment No. 1 to its Form 20-F to add the standalone financial statements and notes of Yonghui Superstores Co., Ltd., an unconsolidated equity method investee deemed significant under Rule 3-09 of Regulation S-X for the year ended December 31, 2025.

The amendment consists of the cover page, an explanatory note, Yonghui’s financial statements for December 31, 2025 and the nine months then ended, updated CEO/CFO certifications, and related auditor consents. It does not change other sections of the original annual report. MINISO had 1,237,564,177 ordinary shares outstanding as of December 31, 2025.

MINISO Group Holding Limited reported that shareholders approved all resolutions at the annual general meeting held on June 18, 2026 in Hong Kong. Investors adopted the audited consolidated financial statements for the fiscal year ended December 31, 2025 and reappointed Ernst & Young and Ernst & Young Hua Ming LLP as auditors for the year ending December 31, 2026.

Shareholders re-elected independent non-executive directors Ms. Xu Lili and Mr. Zhu Yonghua and authorized the board to fix directors’ remuneration. They also granted the board general mandates to issue and repurchase up to 10% of issued shares, approved a specific mandate to issue Upper Strike Shares under the Upper Strike Warrant, and extended the issuance mandate by the number of shares repurchased.