MINISO Group Holding Limited (MNSO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for standing by. Welcome to Minnesota March Quarter 2026 Earnings Result Presentation. At this time, all participants on enrolling leaves are moved. After the management prepared remarks, we will host the Q&A session. Before joining the Q&C, please state your name and institution. Please also be reminded the event will be recorded. We provide you English simultaneous translation for this call. Please select your preferred language by clicking interpretation in the Zoom meeting. We released our Q1 2026 results earlier this year. Please help to refer to our IR website. Joining us here today are Mr. Jack Hewitt, our founder and CEO, and Mr. Ethan Zhang, our CFO. Right before we begin, please refer to the Steve Harbour Statement in our earnings press release, which also applies for this fall, as we were making forward-looking statements. Please also note that we are discussing non-IFRS financial measures. Those measures are explained, reconciled to the most comparable measures reported under IFRS, and also in our fighting with SEC and Hong Kong Stock Exchange. Unless otherwise stated, all figures are in RMB. We have already prepared a slide deck for financial and operating highlights for today's call. If you are joining through Zoom, you will see the slide now. You can also refer to our IR website after the call. Now, let me just attend the call to Mr. Jack Yeh. Hello, everyone. Welcome to Minnesota March quarter 2026. Earnings score, in March quarter, the revenue reach close to 5.7 billion RMB, grow by 28.5%, exceeding the high end of our previous guidance. Adjusted net profit, excluding forex gain and loss, comes at 630 million, grow by 8%. Operating cash flow grow by 40%, free cash flow was up by 36%. I'm not going to read through the fi...