MINISO Group Holding Limited (MNSO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

We released our Q1 result earlier today. which are now available at our investor relationship website at irf.minnesota.com. Joining us today are Mr. Ye Guofu, our founder and the CEO, and Mr. Zhang Jinting, our chief financial officer. Before we continue, I'd like to refer you to the sixth upper statement in our earnings release, which also replied to this call, as we will be making forward-looking statements. Please note we will discuss non-IFRS financial measures today, which we have explained in our financials. and filing to the U.S. Securities and Exchange Commission and Hong Kong Stock Exchange, which have reconciled the most comparable measures reported on the high-end R&B unless otherwise stated. Additionally, we have prepared a set of slides that include financial and operational information for this call. If you are using Zoom, you should be able to see it now. You can also review it later on our website. by our website. Now, I'd like to welcome Mr. Yebofu to begin his remarks. Good afternoon, everyone. Welcome to the New South Wales 2025 Q1 earnings conference call. Today, I will share with you our quarterly performance highlights and our future development plans. First of all, let me review our overall performance for this quarter. In Q1, that just concluded, Minnesota group's overall revenue exceeded expectation, with total revenue of 4.43 billion RMB, grew by 90% on worldwide basis. Minnesota China mainland revenue was 2.49 billion, grew by 9%. Minnesota overseas revenue was 1.5 million, grew by 3%. Coming next, please allow me to talk about our measures behind the static growth and our future strategy for both domestic and international market. Let's talk about domestic market first. We have continued optimization of same-store performance. Starting fro...