Summary by Futu AI
Miniso Group Holdings Limited ("Miniso") announced the unaudited financial performance for the three months and six months ended June 30, 2024. The report shows that Miniso's revenue for the quarter ended June 2024 increased by 24.1% year-on-year, reaching CNY 4.035 billion, and the gross profit increased by 36.9% year-on-year to CNY 1.773 billion. The gross margin reached 43.9%, a new historical high for the company. The operating profit increased by 8.9% year-on-year to CNY 0.752 billion. The net profit for the period increased by 8.1% year-on-year to CNY 0.591 billion. The adjusted net profit increased by 9.4% year-on-year to CNY 0.625 billion. Miniso opened a net total of 455 stores in the first half of 2024, including a net increase of 266 stores in overseas markets...Show More