Summary by Futu AI
Miniso Group Holdings Limited announced its mid-year financial report for 2024, showing that as of June 30, 2024, the company's revenue reached RMB 7,758,743 thousand, a year-on-year increase of 25.0%. The profit for the period was RMB 1,177,379 thousand, up 15.7% year-on-year. The net cash generated from operating activities was RMB 1,293,756 thousand, an increase of 4.9% from the same period last year. Miniso implemented a share repurchase program during the reporting period, repurchasing a total of 1,230,200 shares at a total consideration of approximately RMB 40.3 million. In addition, the company announced on August 30, 2024, the distribution of an interim cash dividend of $0.0686 per ordinary share, totaling approximately $85.5 million. The company's shares were listed on the main board of the Hong Kong Stock Exchange on July 13, 2022, with net proceeds from the global offering of HKD 482.1 million, all of which have been fully utilized within 48 months after listing for the intended purposes.