According to the Wise News and Finance App, Miniso (09896) is now up more than 4%, as of the time of publication, up 3.92%, at HKD 34.5, with a turnover of 72.2956 million Hong Kong dollars.

On the news front, Miniso's global largest store - the flagship store at Central Park in Jakarta, Indonesia, has officially debuted, marking the start of a new chapter in globalized superstore. On the opening day, the flagship store experienced high popularity, with sales exceeding 1.18 million yuan, setting a new daily sales record for Miniso global stores.

Shanxi Securities pointed out that in the first half of 2024, from the perspective of store openings, the company's domestic and overseas market store opening pace is in line with expectations, and it is expected to achieve a net increase of 900-1100 stores for the whole year. Looking at the same-store sales, Miniso China's same-store sales are basically flat compared to the same period last year, and are expected to be mainly affected by a slight decrease in offline traffic. Same-store sales in overseas markets have grown by 16%, maintaining rapid growth momentum. In the single quarter of 2024Q2, the sales gross margin set a new record high, with expected increases in the gross margins of Miniso China, Miniso Overseas, and TOP TOY compared to the same period last year. Due to the rapid expansion of overseas direct markets, the sales expense ratio is expected to increase in the short term, but is expected to decrease as overseas markets enter the peak sales season in the second half of the year.