In 2024, Miniso's revenue for the first nine months reached RMB 12281.3 million, a year-on-year increase of 22.8%; gross profit increased by 34.1% to RMB 5419.8 million, with a gross margin of 44.1%. Operating profit increased by 14.3% to RMB 2347.4 million, while profit for the period increased by 11.6% to RMB 1825.7 million. The company's cash position is RMB 6284.1 million, with capital expenditure of RMB 565.5 million. Management indicated that the growth in revenue was mainly due to a 19% increase in average number of stores and growth in same-store sales. The proportion of overseas market revenue increased to 37%, improving the gross margin. The company has reached 7,420 stores globally and plans to add a net of 900-1,100 stores in 2024. Miniso will continue to focus on IP and...Show More

In 2024, Miniso's revenue for the first nine months reached RMB 12281.3 million, a year-on-year increase of 22.8%; gross profit increased by 34.1% to RMB 5419.8 million, with a gross margin of 44.1%. Operating profit increased by 14.3% to RMB 2347.4 million, while profit for the period increased by 11.6% to RMB 1825.7 million. The company's cash position is RMB 6284.1 million, with capital expenditure of RMB 565.5 million. Management indicated that the growth in revenue was mainly due to a 19% increase in average number of stores and growth in same-store sales. The proportion of overseas market revenue increased to 37%, improving the gross margin. The company has reached 7,420 stores globally and plans to add a net of 900-1,100 stores in 2024. Miniso will continue to focus on IP and global expansion strategies, while maintaining a minimum annual adjusted net profit of no less than 50% for distribution. In terms of risks, uncertainty in the macro environment may pose short-term challenges, but the company will maintain profit stability through refined operations and cost management. In the future, the company will continue to balance growth and shareholder returns, with plans to complete the acquisition of yonghui superstores shares in the first half of 2025.