MINISO Group Announces June Quarter and Fiscal Year 2023 Unaudited Financial Results
- Revenue for Q4 increased by 40.3% YoY and 10.1% QoQ
- Gross profit for Q4 increased by 67.9% YoY and 11.5% QoQ
- Operating profit for Q4 increased by 153.6% YoY and 19.8% QoQ
- Adjusted net profit for Q4 increased by 156.3% YoY and 18.3% QoQ
- Number of MINISO stores increased by 592 YoY and 277 QoQ
- None.
Financial Highlights for the Fourth Quarter of Fiscal Year 2023 ended June 30, 2023
- Revenue was
RMB3,252.2 million (US ), representing an increase of$448.5 million 40.3% year over year and10.1% quarter over quarter. - Gross profit was
RMB1,295.6 million (US ), representing an increase of$178.7 million 67.9% year over year and11.5% quarter over quarter. - Gross margin was
39.8% , compared to33.3% in the same period of 2022 and39.3% in the previous quarter. - Operating profit was
RMB690.0 million (US ), representing an increase of$95.2 million 153.6% year over year and19.8% quarter over quarter. - Profit for the period was
RMB547.0 million (US ), representing an increase of$75.4 million 162.4% year over year and16.2% quarter over quarter. - Adjusted net profit(1) was
RMB571.2 million (US ), representing an increase of$78.8 million 156.3% year over year and18.3% quarter over quarter. - Adjusted net margin(1) was
17.6% , compared to9.6% in the same period of 2022 and16.4% in the previous quarter. - Adjusted EBITDA(1) was
RMB855.4 million (US ), representing an increase of$118.0 million 103.8% year over year and21.1% quarter over quarter. - Adjusted EBITDA margin(1) was
26.3% , compared to18.1% in the same period of 2022 and23.9% in the previous quarter.
Financial Highlights for Fiscal Year 2023 ended June 30, 2023
- Revenue was
RMB11,473.2 million (US ), representing an increase of$1,582.2 million 13.8% year over year. - Gross profit was
RMB4,443.1 million (US ), representing an increase of$612.7 million 44.7% year over year. - Gross margin was
38.7% , compared to30.4% in fiscal year 2022. - Operating profit was
RMB2,223.0 million (US ), representing an increase of$306.6 million 152.0% year over year. - Profit for the period was
RMB1,781.8 million (US ), representing an increase of$245.7 million 178.5% year over year. - Adjusted net profit(1) was
RMB1,844.7 million (US ), representing an increase of$254.4 million 155.3% year over year. - Adjusted net margin(1)was
16.1% , compared to7.2% in fiscal year 2022. - Adjusted EBITDA(1) was
RMB2,822.3 million (US ), representing an increase of$389.2 million 99.7% year over year. - Adjusted EBITDA margin(1) was
24.6% , compared to14.0% in fiscal year 2022.
Operational Highlights for the Fourth Quarter of Fiscal Year 2023 ended June 30, 2023
- Number of MINISO stores was 5,791 as of June 30, 2023, increasing by 592 stores year over year and 277 stores quarter over quarter, respectively.
- Number of MINISO stores in
China was 3,604 as of June 30, 2023, increasing by 378 stores year over year and 221 stores quarter over quarter, respectively. - Number of MINISO stores in overseas markets was 2,187 as of June 30, 2023, increasing by 214 stores year over year and 56 stores quarter over quarter, respectively.
- Number of TOP TOY stores was 118 as of June 30, 2023, increasing by 21 stores year over year, compared to 116 stores as of March 31, 2023.
Note: |
(1) See the sections titled "Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS Financial Measures" in this press release for more information. |
The following table provides a breakdown of the number of MINISO and TOP TOY stores as well as their year-over-year and quarter-over-quarter changes as of the relevant dates:
As of | |||||
June 30, | March 31, | June 30, | YoY | QoQ | |
Number of MINISO stores(1) | 5,199 | 5,514 | 5,791 | 592 | 277 |
3,226 | 3,383 | 3,604 | 378 | 221 | |
—Directly operated stores | 14 | 16 | 15 | 1 | (1) |
—Third-party stores | 3,212 | 3,367 | 3,589 | 377 | 222 |
Overseas | 1,973 | 2,131 | 2,187 | 214 | 56 |
—Directly operated stores | 133 | 150 | 176 | 43 | 26 |
—Third-party stores | 1,840 | 1,981 | 2,011 | 171 | 30 |
Number of TOP TOY stores(2) | 97 | 116 | 118 | 21 | 2 |
—Directly operated stores | 7 | 9 | 9 | 2 | - |
—Third-party stores | 90 | 107 | 109 | 19 | 2 |
Notes: |
(1) "MINISO stores" refers to the offline stores operated under the "MINISO" brand, including those directly operated by the Company, and those operated by third parties under the MINISO Retail Partner model and the distributor model. |
(2) "TOP TOY stores" refers to the offline stores operated under the "TOP TOY" brand, including those directly operated by the Company, and those operated by third parties under the MINISO Retail Partner model. |
Mr. Guofu Ye, Founder, Chairman, and Chief Executive Officer of MINISO, commented, "In spite of the short-term headwinds and uncertainties brought by the macro environment, we remained focused on our long-term strategic goals: delivering on our globalization strategy, bolstering the strength of our product offerings and optimizing our store network. These efforts are yielding positive results, and we are pleased to report that our overall performance once again reached new heights during the June Quarter, as we achieved breakthroughs in both revenue and profitability. Total revenues exceeded the
"The June Quarter has witnessed too many breakthroughs and new heights in each major aspect of our operations. We opened a total of 221 new stores on a net basis in
"Going forward, we will always stick to value-for-money proposition. MINISO believes in our "Happy Philosophy", as we offer creative and high-quality products to global consumers at affordable prices. This is in line with our commitment to make it easy for consumers to enjoy a happy and quality life. Leveraging
Mr. Eason Zhang, Chief Financial Officer and Vice President of MINISO, commented, "Revenue from overseas markets in June Quarter was
"MINISO aims to be a world-class public company, and our capital allocation strategy in the future will balance new growth opportunities and our commitment to bringing stable return to shareholders. We recently have established a dividend policy of paying out no less than
Recent Developments
Operational Update
According to the Company's preliminary estimates, its major operations achieved the following updates:
July 2023: GMV of MINISO's offline stores in
Adoption of Dividend Policy
On July 27, 2023, the board of the directors of the Company (the "Board") approved and adopted a dividend policy of the Company (the "Dividend Policy"), which aims to provide foreseeable returns to the shareholders of the Company. The Dividend Policy targets an annual dividend of no less than
Dividend Declaration
On August 22, 2023, the Board approved the distribution of a final cash dividend in the amount of
For holders of ordinary shares, in order to qualify for the final dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's
Unaudited Financial Results for the Fourth Quarter of Fiscal Year 2023 ended June 30, 2023
Revenue was
Revenue from
Revenue from overseas markets was
Cost of sales was
Gross profit was
Gross margin was
Other income was
Selling and distribution expenses were
General and administrative expenses were
Other net income was
Operating profit was
Net finance income was
Profit for the period was
Adjusted net profit, which represents profit for the period excluding equity-settled share-based payment expenses, was
Adjusted net margin was
Adjusted EBITDA was
Adjusted EBITDA margin was
Basic and diluted earnings per ADS were both
Adjusted basic and diluted earnings per ADS were both
As of June 30, 2023, the combined balance of the Company's cash, cash equivalents, restricted cash, term deposits, and other investments amounted to
Unaudited Financial Results for Fiscal Year 2023 ended June 30, 2023
Revenue was
Revenue from
Revenue from overseas markets was
Cost of sales was
Gross profit was
Gross margin was
Other income was
Selling and distribution expenses were
General and administrative expenses were
Other net income was
Operating profit was
Net finance income was
Profit for the period was
Adjusted net profit, which represents profit for the period excluding equity-settled share-based payment expenses, was
Adjusted net margin was
Adjusted EBITDA was
Adjusted EBITDA margin was
Basic earnings per ADS was
Diluted earnings per ADS was
Adjusted basic earnings per ADS was
Adjusted diluted earnings per ADS was
Conference Call
The Company's management will hold an earnings conference call at 3:00 A.M. Eastern Standard Time on Tuesday, August 22, 2023 (3:00 P.M. Beijing Time on the same day) to discuss the financial results. The conference call can be accessed by the following Zoom link or dialing the following numbers:
Access 1
Join Zoom meeting.
Zoom link: https://dooyle.zoom.us/j/87376379858?pwd=dEs5ZUFaRWxHTkxHVCtnaWc1MzdlZz09
Meeting Number: 873 7637 9858
Meeting Passcode: 9896
Access 2
Listeners may access the call by dialing the following numbers with the same meeting number and passcode with Access 1.
+1 213 338 8477 (or +1 646 518 9805) | |
Mainland | 400 182 3168 (or 400 616 8835) |
+852 5803 3730 (or +852 5803 3731) | |
+44 203 481 5237 (or +44 131 460 1196) | |
+33 1 7037 9729 (or +33 1 7037 2246) | |
+65 3158 7288 (or +65 3165 1065) | |
+1 438 809 7799 (or +1 204 272 7920) |
Access 3
Listeners can also access the meeting through the Company's investor relations website at https://ir.miniso.com/.
The replay will be available approximately two hours after the conclusion of the live event at the Company's investor relations website at https://ir.miniso.com/.
About MINISO Group
MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in
Exchange Rate
The
Non-IFRS Financial Measures
In evaluating the business, MINISO considers and uses adjusted net profit, adjusted net margin, adjusted EBITDA, adjusted EBITDA margin, adjusted basic and diluted net earnings per share and adjusted basic and diluted net earnings per ADS as supplemental measures to review and assess its operating performance. The presentation of these non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. MINISO defines adjusted net profit as profit for the period excluding equity-settled share-based payment expenses. MINISO calculates adjusted net margin by dividing adjusted net profit by revenue for the same period. MINISO defines adjusted EBITDA as adjusted net profit plus depreciation and amortization, finance costs and income tax expense. Adjusted EBITDA margin is computed by dividing adjusted EBITDA by revenue for the period. MINISO computes adjusted basic and diluted net earnings per ADS by dividing adjusted net profit attributable to the equity shareholders of the Company by the number of ADSs represented by the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis. MINISO computes adjusted basic and diluted net earnings per share in the same way as it calculates adjusted basic and diluted net earnings per ADS, except that it uses the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis as the denominator instead of the number of ADSs represented by these ordinary shares.
MINISO presents these non-IFRS financial measures because they are used by the management to evaluate its operating performance and formulate business plans. These non-IFRS financial measures enable the management to assess its operating results without considering the impacts of the aforementioned non-cash and other adjustment items that MINISO does not consider to be indicative of its operating performance in the future. Accordingly, MINISO believes that the use of these non-IFRS financial measures provides useful information to investors and others in understanding and evaluating its operating results in the same manner as the management and board of directors.
These non-IFRS financial measures are not defined under IFRS and are not presented in accordance with IFRS. These non-IFRS financial measures have limitations as analytical tools. One of the key limitations of using these non-IFRS financial measures is that they do not reflect all items of income and expense that affect MINISO's operations. Further, these non-IFRS financial measures may differ from the non-IFRS information used by other companies, including peer companies, and therefore their comparability may be limited.
These non-IFRS financial measures should not be considered in isolation or construed as alternatives to profit, net profit margin, basic and diluted earnings per share and basic and diluted earnings per ADS, as applicable, or any other measures of performance or as indicators of MINISO's operating performance. Investors are encouraged to review MINISO's historical non-IFRS financial measures in light of the most directly comparable IFRS measures, as shown below. The non-IFRS financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing MINISO's data comparatively. MINISO encourages you to review its financial information in its entirety and not rely on a single financial measure.
For more information on the non-IFRS financial measures, please see the table captioned "Reconciliation of Non-IFRS Financial Measures" set forth at the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Investor Relations Contacts:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
Eric Yuan
Christensen Advisory
Email: miniso@christensencomms.com
Phone: +86 1380 111 0739
MINISO GROUP HOLDING LIMITED | ||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | ||||||||
(Expressed in thousands) | ||||||||
As at | As at | |||||||
June 30, 2022 | June 30, | |||||||
(Audited) | (Unaudited) | |||||||
RMB'000 | RMB'000 | US$'000 | ||||||
ASSETS | ||||||||
Non-current assets | ||||||||
Property, plant and | 419,894 | 534,634 | 73,729 | |||||
Right-of-use assets | 2,342,589 | 2,552,600 | 352,020 | |||||
Intangible assets | 43,066 | 25,277 | 3,486 | |||||
Goodwill | 19,388 | 21,069 | 2,906 | |||||
Deferred tax assets | 154,333 | 161,617 | 22,288 | |||||
Other investments | - | 73,870 | 10,187 | |||||
Other receivables | 28,274 | 74,641 | 10,292 | |||||
Prepayments | 201,682 | - | - | |||||
Term deposits | - | 100,000 | 13,791 | |||||
3,209,226 | 3,543,708 | 488,699 | ||||||
Current assets | ||||||||
Other investments | 210,523 | 205,329 | 28,316 | |||||
Inventories | 1,188,095 | 1,450,519 | 200,036 | |||||
Trade and other receivables | 1,056,198 | 1,150,156 | 158,614 | |||||
Cash and cash equivalents | 5,348,492 | 6,489,213 | 894,903 | |||||
Restricted cash | 32,376 | 27,073 | 3,734 | |||||
Term deposits | 236,878 | 581,715 | 80,222 | |||||
8,072,562 |
9,904,005 | 1,365,825 | ||||||
Total assets | 11,281,788 | 13,447,713 | 1,854,524 | |||||
EQUITY | ||||||||
Share capital | 92 | 95 | 13 | |||||
Additional paid-in capital | 7,982,824 | 7,254,871 | 1,000,492 | |||||
Other reserves | 993,307 | 1,106,718 | 152,624 | |||||
(Accumulated | (1,944,581) | 539,331 | 74,377 | |||||
Equity attributable to equity | 7,031,642 | 8,901,015 | 1,227,506 | |||||
Non-controlling interests | (4,242) | 17,253 | 2,379 | |||||
Total equity | 7,027,400 | 8,918,268 | 1,229,885 | |||||
LIABILITIES | ||||||||
Non-current liabilities | ||||||||
Contract liabilities | 51,658 | 46,754 | 6,448 | |||||
Loans and borrowings | 6,503 | 7,215 | 995 | |||||
Lease liabilities | 393,068 | 556,801 | 76,786 | |||||
Deferred income | 14,488 | 33,080 | 4,562 | |||||
465,717 | 643,850 | 88,791 | ||||||
Current liabilities | ||||||||
Loans and borrowings | 445 | - | - | |||||
Trade and other payables | 3,072,991 | 3,019,302 | 416,380 | |||||
Contract liabilities | 361,522 | 292,887 | 40,391 | |||||
Lease liabilities | 257,997 | 328,933 | 45,362 | |||||
Deferred income | 6,295 | 6,778 | 935 | |||||
Current taxation | 89,421 | 237,695 | 32,780 | |||||
3,788,671 | 3,885,595 | 535,848 | ||||||
Total liabilities | 4,254,388 | 4,529,445 | 624,639 | |||||
Total equity and liabilities | 11,281,788 | 13,447,713 | 1,854,524 |
MINISO GROUP HOLDING LIMITED | ||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS | ||||||||||||
(Expressed in thousands, except for per share and per ADS data) | ||||||||||||
Three months ended June 30, | Twelve months ended June 30, | |||||||||||
2022 | 2023 | 2022 | 2023 | |||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |||||||||
RMB'000 | RMB'000 | US$ '000 | RMB'000 | RMB'000 | US$ '000 | |||||||
Revenue | 2,317,706 | 3,252,182 | 448,496 | 10,085,649 | 11,473,208 | 1,582,228 | ||||||
Cost of sales |
(1,545,803) | (1,956,535) | (269,819) | (7,015,888) | (7,030,156) | (969,503) | ||||||
Gross profit |
771,903 | 1,295,647 | 178,677 | 3,069,761 | 4,443,052 | 612,725 | ||||||
Other income |
5,049 | 2,842 | 392 | 25,931 | 17,935 | 2,473 | ||||||
Selling and distribution expenses |
(354,717) | (478,948) | (66,050) | (1,442,339) | (1,716,093) | (236,660) | ||||||
General and administrative expenses |
(184,807) | (164,499) | (22,685) | (816,225) | (633,613) | (87,379) | ||||||
Other net income |
40,845 | 37,966 | 5,236 | 87,308 | 114,106 | 15,736 | ||||||
(Credit loss)/reversal of credit loss on |
(4,162) | 460 | 63 | (28,924) | 1,072 | 148 | ||||||
Impairment loss on non-current assets | (2,018) | (3,448) | (476) | (13,485) | (3,448) | (476) | ||||||
Operating profit |
272,093 | 690,020 | 95,157 | 882,027 | 2,223,011 | 306,567 | ||||||
Finance income | 27,163 | 46,814 | 6,456 | 66,344 | 145,225 | 20,027 | ||||||
Finance costs | (7,989) | (9,631) | (1,328) | (33,396) | (34,622) | (4,775) | ||||||
Net finance income | 19,174 | 37,183 | 5,128 | 32,948 | 110,603 | 15,252 | ||||||
Share of loss of an equity-accounted | - | - | - | (8,162) | - | - | ||||||
Profit before taxation | 291,267 | 727,203 | 100,285 | 906,813 | 2,333,614 | 321,819 | ||||||
Income tax expense | (82,814) | (180,212) | (24,852) | (267,070) | (551,785) | (76,095) | ||||||
Profit for the period | 208,453 | 546,991 | 75,433 | 639,743 | 1,781,829 | 245,724 | ||||||
Attributable to: | ||||||||||||
Equity shareholders of the Company | 204,837 | 539,331 | 74,377 | 638,170 | 1,768,926 | 243,945 | ||||||
Non-controlling interests | 3,616 | 7,660 | 1,056 | 1,573 | 12,903 | 1,779 | ||||||
Earnings per share for ordinary shares | ||||||||||||
-Basic | 0.17 | 0.43 | 0.06 | 0.53 | 1.42 | 0.20 | ||||||
-Diluted | 0.17 | 0.43 | 0.06 | 0.52 | 1.41 | 0.19 | ||||||
Earnings per ADS | ||||||||||||
(Each ADS represents 4 ordinary | ||||||||||||
-Basic | 0.68 | 1.72 | 0.24 | 2.12 | 5.68 | 0.78 | ||||||
-Diluted | 0.68 | 1.72 | 0.24 | 2.08 | 5.64 | 0.78 |
MINISO GROUP HOLDING LIMITED | |||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | |||||||||||||
(Expressed in thousands) | |||||||||||||
Three months ended June 30, | Twelve months ended June 30, | ||||||||||||
2022 | 2023 | 2022 | 2023 | ||||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | ||||||||||
RMB'000 | RMB'000 | US$ '000 | RMB'000 | RMB'000 | US$ '000 | ||||||||
Profit for the period | 208,453 | 546,991 | 75,433 | 639,743 | 1,781,829 | 245,724 | |||||||
Items that may be | |||||||||||||
Exchange differences on | 42,456 | 62,799 | 8,661 | 40,494 | 41,198 | 5,681 | |||||||
Other comprehensive loss | 42,456 | 62,799 | 8,661 | 40,494 | 41,198 | 5,681 | |||||||
Total comprehensive | 250,909 | 609,790 | 84,094 | 680,237 | 1,823,027 | 251,405 | |||||||
Attributable to: | |||||||||||||
Equity shareholders of the | 248,159 | 601,200 | 82,909 | 677,667 | 1,803,797 | 248,753 | |||||||
Non-controlling interests | 2,750 | 8,590 | 1,185 | 2,570 | 19,230 | 2,652 |
MINISO GROUP HOLDING LIMITED | ||||||||||||
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES | ||||||||||||
(Expressed in thousands, except for per share, per ADS data and percentages) | ||||||||||||
Three months ended June 30, | Twelve months ended June 30, | |||||||||||
2022 | 2023 | 2022 | 2023 | |||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |||||||||
RMB'000 | RMB'000 | US$'000 | RMB'000 | RMB'000 | US$'000 | |||||||
Reconciliation of profit for the | ||||||||||||
Profit for the period | 208,453 | 546,991 | 75,433 | 639,743 | 1,781,829 | 245,724 | ||||||
Add back: | ||||||||||||
Equity-settled share-based | 14,409 | 24,212 | 3,339 | 82,835 | 62,882 | 8,672 | ||||||
Adjusted net profit | 222,862 | 571,203 | 78,772 | 722,578 | 1,844,711 | 254,396 | ||||||
Adjusted net margin | 9.6 % | 17.6 % | 17.6 % | 7.2 % | 16.1 % | 16.1 % | ||||||
Attributable to: | ||||||||||||
Equity shareholders of the | 219,246 | 563,543 | 77,716 | 721,005 | 1,831,808 | 252,617 | ||||||
Non-controlling interests | 3,616 | 7,660 | 1,056 | 1,573 | 12,903 | 1,779 | ||||||
Adjusted net earnings per | ||||||||||||
-Basic | 0.18 | 0.45 | 0.06 | 0.60 | 1.47 | 0.20 | ||||||
-Diluted | 0.18 | 0.45 | 0.06 | 0.59 | 1.46 | 0.20 | ||||||
Adjusted net earnings per | ||||||||||||
-Basic | 0.72 | 1.80 | 0.25 | 2.40 | 5.88 | 0.81 | ||||||
-Diluted | 0.72 | 1.80 | 0.25 | 2.36 | 5.84 | 0.81 | ||||||
Reconciliation of adjusted net | ||||||||||||
Adjusted net profit | 222,862 | 571,203 | 78,772 | 722,578 | 1,844,711 | 254,396 | ||||||
Add back: | ||||||||||||
Depreciation and amortization | 106,116 | 94,379 | 13,016 | 389,871 | 391,167 | 53,945 | ||||||
Finance costs | 7,989 | 9,631 | 1,328 | 33,396 | 34,622 | 4,775 | ||||||
Income tax expense | 82,814 | 180,212 | 24,852 | 267,070 | 551,785 | 76,095 | ||||||
Adjusted EBITDA | 419,781 | 855,425 | 117,968 | 1,412,915 | 2,822,285 | 389,211 | ||||||
Adjusted EBITDA margin | 18.1 % | 26.3 % | 26.3 % | 14.0 % | 24.6 % | 24.6 % | ||||||
Note: | ||||||||||||
(1) Adjusted basic and diluted net earnings per share are computed by dividing adjusted net profit attributable to the equity |
MINISO GROUP HOLDING LIMITED | ||||||||||||||||
UNAUDITED ADDITIONAL INFORMATION | ||||||||||||||||
(Expressed in millions, except for percentages) | ||||||||||||||||
Three months ended June 30, | Twelve months ended June 30, | |||||||||||||||
2022 | 2023 |
YOY | 2022 | 2023 |
YOY | |||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||
Revenue | ||||||||||||||||
Domestic Operations | 1,533 | 2,137 | 295 | 39 % | 7,442 | 7,651 | 1,055 | 3 % | ||||||||
-MINISO Brand | 1,410 | 1,952 | 269 | 38 % | 6,825 | 7,039 | 971 | 3 % | ||||||||
-TOP TOY Brand | 95 | 173 | 24 | 82 % | 447 | 533 | 74 | 19 % | ||||||||
-Others | 28 | 12 | 2 | (57 %) | 170 | 79 | 10 | (54 %) | ||||||||
International Operations | 785 | 1,115 | 154 | 42 % | 2,644 | 3,822 | 527 | 45 % | ||||||||
2,318 | 3,252 | 449 | 40 % | 10,086 | 11,473 | 1,582 | 14 % |
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SOURCE MINISO Group Holding Limited