MINISO Group Announces June Quarter and Full Fiscal Year 2022 Financial Results
MINISO Group reported its unaudited financial results for Q4 and FY 2022, with Q4 revenue at RMB2,317.7 million, down 6.3% from 2021. However, gross profit rose by 20.8% to RMB771.9 million, leading to a gross margin increase to 33.3%. The operating profit surged by 44.9% to RMB272.1 million. For FY 2022, total revenue reached RMB10,085.6 million, an 11.2% year-over-year rise, alongside a profit of RMB639.7 million, a significant turnaround from a loss the previous year. The company also declared a special cash dividend of approximately US$53.5 million.
- Gross profit increased by 20.8% year over year to RMB771.9 million.
- Operating profit surged by 44.9% year over year to RMB272.1 million.
- Profit for the period rose to RMB639.7 million, compared to a loss of RMB1,429.4 million last year.
- Total revenue for FY 2022 was RMB10,085.6 million, an 11.2% increase year over year.
- Declared a special cash dividend of approximately US$53.5 million.
- Q4 revenue declined by 6.3% from RMB2,472.4 million in the same period of 2021.
- Domestic revenue decreased primarily due to COVID-19 restrictions.
- GMV loss due to COVID-19 impacts estimated at RMB700 million for Q4.
GUANGZHOU, China, Aug. 25, 2022 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of design-led lifestyle products, today announced its unaudited financial results for the fourth quarter and fiscal year 2022 ended June 30, 2022.
Financial Highlights for the Fourth Quarter of Fiscal Year 2022
- Revenue was RMB2,317.7 million (US
$346.0million ), within the Company's guidance range of RMB2,100.0 million and RMB2,400.0 million, compared to RMB2,472.4 million in the same period of 2021 and RMB 2,341.0 million in the previous quarter. - Gross profit was RMB771.9 million (US
$115.2 million ), representing an increase of20.8% year over year and9.3% quarter over quarter. - Gross margin was
33.3% , compared to25.8% in the same period of 2021 and30.2% in the previous quarter. - Operating profit was RMB272.1 million (US
$40.6 million ), representing an increase of44.9% year over year and93.0% quarter over quarter. - Profit for the period was RMB208.5 million (US
$31.1 million ), representing an increase of87.5% year over year and124.9% quarter over quarter. - Adjusted net profit(1) was RMB222.9 million (US
$33.3 million ), representing an increase of56.9% year over year and101.4% quarter over quarter. - Adjusted net margin(1)was
9.6% , compared to5.7% in the same period of 2021 and4.7% in the previous quarter.
Financial Highlights for Fiscal Year 2022
- Revenue was RMB10,085.6 million (US
$1,505.7 million ), representing an increase of11.2% year over year. - Gross profit was RMB3,069.8 million (US
$458.3 million ), representing an increase of26.3% year over year. - Operating profit was RMB882.0 million (US
$131.7 million ), representing an increase of119.9% year over year. - Profit for the period was RMB639.7 million (US
$95.5 million ), compared to a loss of RMB1,429.4 million in the prior fiscal year. - Adjusted net profit(1) was RMB722.6 million (US
$107.9 million ), representing an increase of51.4% year over year.
Notes: |
（1）See the sections titled "Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS Financial Measures" in this press release for more information. |
Operational Highlights for the Fourth Quarter of Fiscal Year 2022
- Number of MINISO stores was 5,199 as of June 30, 2022, increasing by 450 stores year over year and 86 stores quarter over quarter, respectively.
- Number of MINISO stores in China was 3,226 as of June 30, 2022, increasing by 287 stores year over year and 29 stores quarter over quarter, respectively.
- Number of MINISO stores in overseas markets was 1,973 as of June 30, 2022, increasing by 163 stores year over year and 57 stores quarter over quarter, respectively.
- The first MINISO store in the State of Qatar was opened in this quarter, marking MINISO's entry into the 105th market.
- Number of TOP TOY stores was 97 as of June 30, 2022, increasing by 64 stores year over year and 5 stores quarter over quarter, respectively.
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 of the relevant dates:
As of | |||||
June 30, 2021 | March 31, 2022 | June 30, 2022 | YoY | QoQ | |
Number of MINISO stores(2) | 4,749 | 5,113 | 5,199 | 450 | 86 |
China | 2,939 | 3,197 | 3,226 | 287 | 29 |
—Directly operated stores | 5 | 11 | 14 | 9 | 3 |
—Third-party stores | 2,934 | 3,186 | 3,212 | 278 | 26 |
Overseas | 1,810 | 1,916 | 1,973 | 163 | 57 |
—Directly operated stores | 127 | 136 | 133 | 6 | (3) |
—Third-party stores | 1,683 | 1,780 | 1,840 | 157 | 60 |
Number of TOP TOY stores(3) | 33 | 92 | 97 | 64 | 5 |
—Directly operated stores | 2 | 4 | 7 | 5 | 3 |
—Third-party stores | 31 | 88 | 90 | 59 | 2 |
Notes: |
（2）"MINISO stores" are any of the offline stores operated under the "MINISO" brand name, including those |
（3）"TOP TOY stores" are any of the offline stores operated under the "TOP TOY" brand name, including those |
Mr. Guofu Ye, Founder, Chairman, and Chief Executive Officer of MINISO, commented, "MINISO Group closed fiscal year 2022 with a solid fourth quarter. Our business model has demonstrated great resilience despite the pandemic weighing on our near-term results. During this quarter, as the domestic offline retail sector faced unprecedented challenges, we focused on driving the recovery of our overseas business, which achieved nearly
"Looking forward to the 2023 fiscal year, we are still optimistic about future revenue and profit growth despite continued uncertainty from the pandemic. This positive outlook comes from our long-term confidence in China's economic development, our unchanged ambition for offline retail business, and our determination to achieve globalized development." Mr. Ye continued.
Mr. Saiyin Zhang, Chief Financial Officer and Executive Vice President of MINISO, commented, "I am encouraged by our strong performance in margin profiles, especially under such unprecedented challenges during the past quarter. Gross margin for the June quarter reached our record high of
"We are also pleased to declare a cash dividend of about RMB360 million recently,
Recent Developments
Impact of COVID-19
The resurgences of the Omicron variants of COVID-19 continued to impact the Company's operations and results in the quarter ended June 30, 2022.
In China, regional Omicron outbreaks resulted in reduced traffic to shopping malls where MINISO and TOP TOY stores are located and led to temporary suspension of operations of certain stores. The average number of MINISO stores that were temporarily closed was about 380, 280 and 60 in April, May and June, representing about
In overseas markets, although we have observed encouraging sales recovery in certain countries and regions, including in Europe and the Americas, we are also seeing relatively slow recovery trends in Asian countries excluding China. As of June 30, 2022, 81 overseas MINISO stores, or
Special Cash Dividend
On August 17, 2022, MINISO's board of directors approved a special cash dividend in the amount of US
Unaudited Financial Results for the Fourth Quarter of Fiscal Year 2022
Revenue was RMB2,317.7 million (US
Revenue generated from domestic operations was RMB1,532.9 million (US
Revenue generated from international operations was RMB784.8 million (US
Cost of sales was RMB1,545.8 million (US
Gross profit was RMB771.9 million (US
Gross margin was
Other income was RMB5.0 million (US
Selling and distribution expenses were RMB354.7 million (US
General and administrative expenses were RMB184.8 million (US
Other net income was RMB40.8 million (US
Operating profit was RMB272.1 million (US
Profit for the period was RMB208.5 million (US
Adjusted net profit(1), which represents profit for the period excluding equity-settled share-based payment expenses, was RMB222.9 million (US
Adjusted net margin(1) was
Basic and diluted earnings per American Depositary Share ("ADS") were RMB0.68 (US
Adjusted basic and diluted earnings per ADS(1) were both RMB 0.72 (US
As of June 30, 2022, the combined balance of the Company's cash, cash equivalents, restricted cash, term deposits with original maturity over three months, and other investments amounted to RM5,828.3 million (US
Fiscal Year 2022 Financial Results
Revenue was RMB10,085.6 million (US
Revenue generated from the Company's domestic operations was RMB7,442.1 million (US
Revenue generated from the Company's international operations was RMB2,643.5 million (US
Cost of sales was RMB7,015.9 million (US
Gross profit was RMB3,069.8 million (US
Gross margin was
Other income was RMB25.9 million (US
Selling and distribution expenses were RMB1,442.3 million (US
General and administrative expenses were RMB816.2 million (US
Other net income was RMB87.3 million (US
Operating profit was RMB882.0 million (US
Profit for the period was RMB639.7 million (US
Adjusted net profit(1), which represents net profit excluding (i) fair value changes of redeemable shares with other preferential rights and (ii) equity-settled share-based payment expenses, was RMB722.6 million (US
Adjusted net margin(1) was
Adjusted basic earnings per ADS(1) was RMB2.40 (US
Adjusted diluted earnings per ADS(1) was RMB2.36 (US
Conference Call
The Company's management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, August 25, 2022 (8:00 P.M. Beijing Time on the same day) to discuss the financial results. The conference call can be accessed via the following zoom link or by dialing the following numbers:
Access 1
Zoom link:
https://dooyle.zoom.us/j/87479825938?pwd=OVozeDBjNzhicDdiNnZsQTJhSnNNUT09
Meeting Number: 874 7982 5938
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.
United States Toll Free: | 833 548 0276 (or +1 646 518 9805) |
Mainland China Toll Free: | 400 182 3168 (or 400 616 8835) |
Hong Kong, China (Charge Fees): | +852 5803 3730 (or +852 5803 3731) |
United Kingdom (Charge Fees): | +44 203 481 5237 (or +44 131 460 1196) |
France (Charge Fees): | +33 1 7037 9729 (or +33 1 7037 2246) |
Singapore (Charge Fees): | +65 3158 7288 (or +65 3165 1065) |
Canada (Charge Fees): | +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 http://ir.miniso.com/.
A replay will be available approximately two hours after the conclusion of the live event at the Company's investor relations website at http://ir.miniso.com/.
About MINISO Group
MINISO Group is a global value retailer offering a variety of design-led lifestyle products. 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 China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/.
Exchange Rate
The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2022, which was RMB6.6981 to US
Non-IFRS Financial Measures
In evaluating the business, MINISO considers and uses adjusted net profit, adjusted net margin, adjusted basic and diluted earnings per share and adjusted basic and diluted 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 (i) fair value changes of redeemable shares with other preferential rights and (ii) equity-settled share-based payment expenses. MINISO calculates adjusted net margin by dividing adjusted net profit by revenue for the same period. MINISO computes adjusted basic and diluted net earnings per ADS by dividing the 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 and retrospectively adjusting for the effect of the issuance of Series A preferred shares by the Company that are deemed to have been converted into ordinary shares since July 1, 2019. MINISO computes adjusted basic and diluted net earnings per share in the same way 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/(loss), net profit/(loss) margin, basic and diluted earnings/(loss) per share and basic and diluted earnings/(loss) 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 U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as MINISO's strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC") and The Stock Exchange of Hong Kong Limited (the "HKEX"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC and the HKEX. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
MINISO GROUP HOLDING LIMITED | |||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||||||
(Expressed in thousands) | |||||||
As at | As at | ||||||
June 30, 2021 | June 30, 2022 | ||||||
(Audited) | (Unaudited) | ||||||
RMB'000 | RMB'000 | US$'000 | |||||
ASSETS | |||||||
Non-current assets | |||||||
Property, plant and equipment | 76,316 | 419,894 | 62,689 | ||||
Right-of-use assets | 689,887 | 2,342,589 | 349,739 | ||||
Intangible assets | 61,005 | 43,066 | 6,430 | ||||
Goodwill | 19,640 | 19,388 | 2,895 | ||||
Deferred tax assets | 168,552 | 154,333 | 23,041 | ||||
Other receivables | - | 28,274 | 4,221 | ||||
Prepayments | 138,481 | 201,682 | 30,110 | ||||
Interest in an equity-accounted | 352,062 | - | - | ||||
1,505,943 | 3,209,226 | 479,125 | |||||
Current assets | |||||||
Other investments | 102,968 | 210,523 | 31,430 | ||||
Inventories | 1,496,061 | 1,188,095 | 177,378 | ||||
Trade and other receivables | 824,725 | 1,056,198 | 157,686 | ||||
Cash and cash equivalents | 6,771,653 | 5,348,492 | 798,509 | ||||
Restricted cash | 3,680 | 32,376 | 4,834 | ||||
Term deposits with original | - | 236,878 | 35,365 | ||||
9,199,087 | 8,072,562 | 1,205,202 | |||||
Total assets | 10,705,030 | 11,281,788 | 1,684,327 | ||||
EQUITY | |||||||
Share capital | 92 | 92 | 14 | ||||
Additional paid-in capital | 8,289,160 | 7,982,824 | 1,191,804 | ||||
Other reserves | 928,005 | 993,307 | 148,297 | ||||
Accumulated losses | (2,558,291) | (1,944,581) | (290,318) | ||||
Equity attributable to equity | 6,658,966 | 7,031,642 | 1,049,797 | ||||
Non-controlling interests | (6,812) | (4,242) | (633) | ||||
Total equity | 6,652,154 | 7,027,400 | 1,049,164 | ||||
LIABILITIES | |||||||
Non-current liabilities | |||||||
Contract liabilities | 59,947 | 51,658 | 7,712 | ||||
Loans and borrowings | 6,925 | 6,503 | 971 | ||||
Lease liabilities | 483,144 | 393,068 | 58,684 | ||||
Deferred income | 20,005 | 14,488 | 2,163 | ||||
570,021 | 465,717 | 69,530 | |||||
Current liabilities | |||||||
Loans and borrowings | 13,669 | 445 | 66 | ||||
Trade and other payables | 2,809,182 | 3,072,991 | 458,785 | ||||
Contract liabilities | 266,919 | 361,522 | 53,974 | ||||
Lease liabilities | 321,268 | 257,997 | 38,518 | ||||
Deferred income | 6,060 | 6,295 | 940 | ||||
Current taxation | 65,757 | 89,421 | 13,350 | ||||
3,482,855 | 3,788,671 | 565,633 | |||||
Total liabilities | 4,052,876 | 4,254,388 | 635,163 | ||||
Total equity and liabilities | 10,705,030 | 11,281,788 | 1,684,327 | ||||
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, | |||||||||||
2021 | 2022 | 2021 | 2022 | |||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |||||||||
RMB'000 | RMB'000 | US$ '000 | RMB'000 | RMB'000 | US$ '000 | |||||||
Revenue | 2,472,355 | 2,317,706 | 346,024 | 9,071,659 | 10,085,649 | 1,505,748 | ||||||
Cost of sales | (1,833,282) | (1,545,803) | (230,782) | (6,640,973) | (7,015,888) | (1,047,444) | ||||||
Gross profit | 639,073 | 771,903 | 115,242 | 2,430,686 | 3,069,761 | 458,304 | ||||||
Other income | 4,052 | 5,049 | 754 | 52,140 | 25,931 | 3,871 | ||||||
Selling and distribution expenses | (282,824) | (354,717) | (52,958) | (1,206,782) | (1,442,339) | (215,336) | ||||||
General and administrative expenses | (200,135) | (184,807) | (27,591) | (810,829) | (816,225) | (121,859) | ||||||
Other net income /(loss) | 21,922 | 40,845 | 6,098 | (40,407) | 87,308 | 13,035 | ||||||
Credit loss on trade and other receivables | 8,678 | (4,162) | (621) | (20,832) | (28,924) | (4,318) | ||||||
Impairment loss on non-current assets | (2,941) | (2,018) | (301) | (2,941) | (13,485) | (2,013) | ||||||
Operating profit | 187,825 | 272,093 | 40,623 | 401,035 | 882,027 | 131,684 | ||||||
Finance income | 8,743 | 27,163 | 4,055 | 40,433 | 66,344 | 9,905 | ||||||
Finance costs | (8,095) | (7,989) | (1,193) | (28,362) | (33,396) | (4,986) | ||||||
Net finance income | 648 | 19,174 | 2,862 | 12,071 | 32,948 | 4,919 | ||||||
Fair value changes of redeemable shares | - | - | - | (1,625,287) | - | - | ||||||
Share of loss of an equity-accounted | (3,186) | - | - | (4,011) | (8,162) | (1,219) | ||||||
Profit/(loss) before taxation | 185,287 | 291,267 | 43,485 | (1,216,192) | 906,813 | 135,384 | ||||||
Income tax expense | (74,137) | (82,814) | (12,364) | (213,255) | (267,070) | (39,873) | ||||||
Profit/(loss) for the period | 111,150 | 208,453 | 31,121 | (1,429,447) | 639,743 | 95,511 | ||||||
Attributable to: | ||||||||||||
Equity shareholders of the Company | 114,987 | 204,837 | 30,581 | (1,415,010) | 638,170 | 95,276 | ||||||
Non-controlling interests | (3,837) | 3,616 | 540 | (14,437) | 1,573 | 235 | ||||||
Earnings/(loss) per share for ordinary | ||||||||||||
-Basic | 0.10 | 0.17 | 0.03 | (1.18) | 0.53 | 0.08 | ||||||
-Diluted | 0.09 | 0.17 | 0.03 | (1.18) | 0.52 | 0.08 | ||||||
Earnings/(loss) per ADS | ||||||||||||
(Each ADS represents 4 Class A | ||||||||||||
-Basic | 0.38 | 0.68 | 0.10 | (4.72) | 2.12 | 0.32 | ||||||
-Diluted | 0.38 | 0.68 | 0.10 | (4.72) | 2.08 | 0.31 | ||||||
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, | ||||||||||||
2021 | 2022 | 2021 | 2022 | ||||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | ||||||||||
RMB'000 | RMB'000 | US$ '000 | RMB'000 | RMB'000 | US$ '000 | ||||||||
Profit/(loss) for the period | 111,150 | 208,453 | 31,121 | (1,429,447) | 639,743 | 95,511 | |||||||
Items that may be | |||||||||||||
Exchange differences on | 23,541 | 42,456 | 6,339 | (16,548) | 40,494 | 6,046 | |||||||
Other comprehensive | 23,541 | 42,456 | 6,339 | (16,548) | 40,494 | 6,046 | |||||||
Total comprehensive | 134,691 | 250,909 | 37,460 | (1,445,995) | 680,237 | 101,557 | |||||||
Attributable to: | |||||||||||||
Equity shareholders of the | 138,933 | 248,159 | 37,049 | (1,429,621) | 677,667 | 101,173 | |||||||
Non-controlling interests | (4,242) | 2,750 | 411 | (16,374) | 2,570 | 384 | |||||||
MINISO GROUP HOLDING LIMITED | ||||||||||||
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES | ||||||||||||
(Expressed in thousands, except for per share and per ADS data) | ||||||||||||
Three months ended June 30, | Twelve months ended June 30, | |||||||||||
2021 | 2022 | 2021 | 2022 | |||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |||||||||
RMB'000 | RMB'000 | US$'000 | RMB'000 | RMB'000 | US$'000 | |||||||
Reconciliation of profit/(loss) | ||||||||||||
Profit/(loss) for the period | 111,150 | 208,453 | 31,121 | (1,429,447) | 639,743 | 95,511 | ||||||
Add back: | ||||||||||||
Fair value changes of | - | - | - | 1,625,287 | - | - | ||||||
Equity-settled share-based | 30,959 | 14,409 | 2,151 | 281,319 | 82,835 | 12,367 | ||||||
Adjusted net profit | 142,109 | 222,862 | 33,272 | 477,159 | 722,578 | 107,878 | ||||||
Attributable to: | ||||||||||||
Equity shareholders of the | 145,946 | 219,246 | 32,732 | 491,596 | 721,005 | 107,643 | ||||||
Non-controlling interests | (3,837) | 3,616 | 540 | (14,437) | 1,573 | 235 | ||||||
Adjusted net earnings per | ||||||||||||
-Basic | 0.12 | 0.18 | 0.03 | 0.42 | 0.60 | 0.09 | ||||||
-Diluted | 0.12 | 0.18 | 0.03 | 0.42 | 0.59 | 0.09 | ||||||
Adjusted net earnings per | ||||||||||||
(Each ADS represents 4 Class | ||||||||||||
-Basic | 0.48 | 0.72 | 0.11 | 1.68 | 2.40 | 0.36 | ||||||
-Diluted | 0.48 | 0.72 | 0.11 | 1.68 | 2.36 | 0.35 | ||||||
(4) The adjusted basic and diluted net earnings per share are computed using adjusted net profit attributable to the equity | ||||||||||||
MINISO GROUP HOLDING LIMITED | ||||||||||||||||
UNAUDITED ADDITIONAL INFORMATION | ||||||||||||||||
(Expressed in millions, except percentages) | ||||||||||||||||
Three months ended June 30, | Twelve months ended June 30, | |||||||||||||||
2021 | 2022 | YOY | 2021 | 2022 | YOY | |||||||||||
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |||||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||
Revenue | ||||||||||||||||
Domestic Operations | 1,946 | 1,533 | 229 | (21 %) | 7,291 | 7,442 | 1,111 | 2 % | ||||||||
-MINISO Brand | 1,823 | 1,410 | 211 | (23 %) | 6,956 | 6,825 | 1,019 | (2 %) | ||||||||
-TOP TOY Brand | 72 | 95 | 14 | 33 % | 98 | 447 | 67 | 355 % | ||||||||
-Others | 51 | 28 | 4 | (47 %) | 237 | 170 | 25 | (28 %) | ||||||||
International | 526 | 785 | 117 | 49 % | 1,781 | 2,644 | 395 | 49 % | ||||||||
2,472 | 2,318 | 346 | (6 %) | 9,072 | 10,086 | 1,506 | 11 % | |||||||||
View original content:https://www.prnewswire.com/news-releases/miniso-group-announces-june-quarter-and-full-fiscal-year-2022-financial-results-301612348.html
SOURCE MINISO Group Holding Limited
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