Business
MINISO Group Announces December Quarter and Full Year of 2024 Unaudited Financial Results
MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced its unaudited financial results for the quarter and the full year ended December 31, 2024 (the "December Quarter" and the "Full Year", respectively).
About this update from Miniso Group Holding Ltd.
[{"type":"text","content":"Diluted EPS and Adjusted Diluted EPS Up 16.7% and 16.0% respectively in 2024","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"Gross Margin Hit A Record High of 44.9% in 2024, Powered by Eight-Consecutive-Quarter Growth","length":92,"tagName":"p","attribs":{}},{"type":"text","content":"Overseas MINISO Stores Achieved Milestone of 3,000","length":50,"tagName":"p","attribs":{}},{"type":"text","content":"Net New Stores of MINISO Group Over 1,200","length":41,"tagName":"p","attribs":{}},{"type":"text","content":"Returned RMB1,574.5 Million to Shareholders in 2024","length":51,"tagName":"p","attribs":{}},{"type":"text","content":"GUANGZHOU, China, March 21, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced its unaudited financial results for the quarter and the full year ended December 31, 2024 (the "December Quarter" and the "Full Year", respectively).","length":456,"tagName":"p"},{"type":"text","content":"Full Year Financial Highlights ","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue increased 22.8% year over year to RMB16,994.0 million (US$2,328.2 million).","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased 34.0% year over year to RMB7,637.1 million (US$1,046.3 million).","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin was 44.9%, compared to 41.2% in 2023.","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating profit increased 17.6% year over year to RMB3,315.8 million (US$454.3 million).","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Profit for the period increased 15.9% year over year to RMB2,635.4 million (US$361.1 million).","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net profit(1) increased 15.4% year over year to RMB2,720.6 million (US$372.7 million).","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net margin(1) was 16.0%, compared to 17.0% in 2023.","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) increased 21.4% year over year to RMB4,334.3 million ...