MINISO Group Holding Limited (MNSO) received a notice that Mini Investments SP1 Limited intends to sell up to 5,400,000 American Depositary Shares (ADSs), each representing four ordinary shares, under Rule 144. The ADSs relate to a prepaid forward sale contract between Mini Investments SP1 Limited and Goldman Sachs International.
The contract provides for cash payments to Mini Investments SP1 Limited based on the then-current market price of the ADSs, with settlement in cash or by delivering the required number of shares at expiration. Shares were transferred to Goldman Sachs International as credit support, with an equivalent number to be returned after netting, and any hedging activity will be conducted by Goldman Sachs & Co. LLC.
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.