Company Performance - MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $17.22, reflecting a +1.29% change from the previous day, which is lower than the S&P 500's gain of 2.03% [1] - Over the last month, MNSO shares decreased by 9.43%, underperforming the Retail-Wholesale sector's loss of 2.36% and the S&P 500's loss of 5.07% [1] Upcoming Earnings - The upcoming earnings disclosure is highly anticipated, with consensus estimates predicting revenue of $624.52 million, a 21.1% increase compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of $1.35 per share and revenue of $2.93 billion, representing increases of +17.39% and +24.25% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for MNSO should be monitored, as positive revisions indicate optimism about the company's business outlook [4] - Estimate revisions are correlated with near-term share price momentum, which can be leveraged by investors using the Zacks Rank system [5] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks MNSO at 4 (Sell), with a 1.1% decline in the Zacks Consensus EPS estimate over the past month [6] - MNSO is trading at a Forward P/E ratio of 12.59, which is lower than the industry average of 12.91, suggesting it is trading at a discount [7] PEG Ratio and Industry Context - MNSO has a PEG ratio of 0.7, compared to the average PEG ratio of 1.29 in the Retail - Apparel and Shoes sector, indicating potential undervaluation based on projected earnings growth [8] - The Retail - Apparel and Shoes industry is ranked 139 in the Zacks Industry Rank, placing it in the bottom 44% of over 250 industries [8]

GUANGZHOU, China, April 24, 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 that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 11:00 a.m. Hong Kong time on June 12, 2025 at Flats B-D, 35/F, Plaza 88, 88 Yeung Uk Road, Tsuen Wan, the New Territories, Hong Kong, for the purposes of considering ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12 (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MINISO Group Holding Limited (Exact name of Registrant as specified in it ...

MINISO Group Holding Limited Unsponsored ADR (MNSO) closed the most recent trading day at $16.58, moving +1.59% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.39%, while the tech-heavy Nasdaq depreciated by 0.05%.The the stock of company has fallen by 24.48% in the past month, lagging the Retail-Wholesale sector's loss of 2.42% and the S&P 500's loss of 3.94%.The investment community will be paying close ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about MINISO Group Holding Limited Unsponsored ADR (MNSO) .MINISO Group ...

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [7]. Core Insights - The company achieved a record high gross margin of 44.9% in 2024, driven by accelerated overseas direct sales and improved single-store efficiency [3][4]. - Total revenue for 2024 reached 17 billion CNY, reflecting a year-on-year growth of 22.8%, with significant contributions from both domestic and overseas markets [1][2]. - The company plans to continue its expansion strategy, with expectations of revenue and profit growth in 2025 and 2026 [5]. Summary by Sections Financial Performance - In Q4 2024, the overall revenue was 4.71 billion CNY, a year-on-year increase of 22.7%. For the entire year, revenue was 17 billion CNY, up 22.8% [1]. - The gross margin for 2024 was 44.9%, an increase of 3.7 percentage points from the previous year [4]. Regional Performance - Domestic revenue in mainland China for Q4 was 2.3 billion CNY, growing by 6.5% year-on-year, while overseas revenue reached 2.13 billion CNY, marking a 42.7% increase [1]. - For the full year, domestic revenue was 9.33 billion CNY (up 10.9%) and overseas revenue was 6.67 billion CNY (up 41.9%), accounting for 39.3% of total revenue [1]. Channel Performance - The brand achieved total revenue of 16 billion CNY in 2024, a 22% increase, while the TOP TOY brand generated 980 million CNY, growing by 44.7% [2]. - The company opened 1,219 new stores globally, bringing the total to 7,780 stores by the end of 2024 [2]. Strategic Initiatives - The company is focusing on enhancing its IP strategy and expanding its overseas presence, with the first TOP TOY store opening in Bangkok, Thailand [4]. - The adjusted net profit for 2024 was 2.721 billion CNY, reflecting a year-on-year growth of 15.4% [4]. Shareholder Returns - The company returned a total of 1.575 billion CNY to shareholders in 2024 through cash dividends and share buybacks [5].

Group 1 - MINISO Group (MNSO) has experienced significant stock volatility, including a nearly 20% drop in two days following the announcement of acquiring a major stake in a struggling company in China [1] - The company has been under coverage since July of the previous year, indicating ongoing analysis and interest in its performance [1] Group 2 - The analyst has a beneficial long position in MNSO shares, indicating confidence in the company's future performance [2] - The article reflects the analyst's personal opinions and is not influenced by external compensation, ensuring an independent perspective [2]

Investment Rating - The report maintains a "Buy" rating for MINISO [4][15] Core Insights - MINISO's overseas expansion and IP strategy are accelerating, contributing to revenue growth and improved profitability [3][15] - The company reported slightly below expectations for its 4Q24 and FY24 results, with a revenue of Rmb4.71 billion, a gross margin of 47.0%, and an adjusted net profit of Rmb793 million [7][9] Financial Performance Summary - For FY24, MINISO achieved a revenue of Rmb16.99 billion, a year-on-year increase of 22.8%, and an adjusted net profit of Rmb2.72 billion, up 15.4% [7][9] - The company forecasts revenue growth to Rmb21.13 billion in 2025, with a projected adjusted net profit of Rmb3.11 billion [8][15] Revenue Growth Drivers - Domestic store expansion and TOP TOY's strong sales contributed to revenue growth, with MINISO's domestic revenue reaching Rmb2.30 billion, a 6.5% increase year-on-year [10] - Overseas store count reached 3,118, with a revenue increase of 65.5% year-on-year in 4Q24, contributing significantly to overall revenue [11][12] Gross Margin and Profitability - The gross margin reached a record high of 47.0%, driven by an increased proportion of direct-operated stores and improved execution of the IP strategy [12][15] - Adjusted net margin for 4Q24 was 16.8%, reflecting healthy profitability despite increased selling expenses [12] Strategic Partnerships and Future Outlook - MINISO is enhancing its partnership with Yonghui to accelerate retail transformation and is collaborating with IPs to support global brand expansion [13][14] - The company aims to assist 100 Chinese IPs in going global over the next decade, which is expected to drive long-term sales growth [14]

Group 1 - U.S. stock futures increased, with Dow futures up approximately 300 points on Monday [1] - James Hardie Industries plc announced plans to acquire AZEK for $8.75 billion, leading to a sharp decline in its shares by 12.7% to $25.50 in pre-market trading [1] Group 2 - Progyny, Inc. experienced a decline of 6.5%, trading at $20.44 in pre-market [2] - New Oriental Education & Technology Group Inc. fell by 5.9% to $47.26 in pre-market [2] - MINISO Group Holding Limited reported disappointing quarterly sales, resulting in a 3.3% drop to $18.31 in pre-market [2] - FTAI Infrastructure Inc. decreased by 2.6% to $5.16 in pre-market [2] - CEVA, Inc. saw a decline of 2.2%, trading at $27.72 in pre-market [2] - Fold Holdings, Inc. fell by 2.1% to $8.25 in pre-market after a significant increase of 31% on Friday [2]

Financial Data and Key Metrics Changes - In 2024, total revenue reached RMB 17 billion, growing by 23% year-over-year, driven by an 80% increase in average store count, despite a low single-digit decline in comparable same-store sales [39][40]. - Gross profit margin improved by 3.7 percentage points to 44.9%, marking eight consecutive quarters of margin growth [42]. - Adjusted net profit reached RMB 2.72 billion, growing by 15%, with an adjusted net profit margin of 16% [51]. Business Line Data and Key Metrics Changes - MINISO China revenue grew by 11% to RMB 9.3 billion, while MINISO Overseas revenue surged by 42% to RMB 6.68 billion [40]. - TOP TOY contributed 45% to overall growth, with a net increase of 128 stores and a gross margin improvement of 7.3% [29]. Market Data and Key Metrics Changes - Overseas operations accounted for 39% of total revenue, up from 34% the previous year, with direct-operated overseas revenue growing by 66% [41]. - The US market showed triple-digit compound growth from 2021 to 2024, with 154 new stores added in 2024, bringing the total to 275 locations across 47 states [19][40]. Company Strategy and Development Direction - The company aims to double its store count by the end of 2028 compared to the end of 2023, focusing on store quality over quantity [65]. - A global strategy emphasizes localization, with a dedicated product development team established in South Korea to tailor merchandise for local markets [24][26]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in accelerated growth for 2025, with expectations of double-digit growth in offline business and continued strong performance in overseas markets [64][95]. - The company plans to implement disciplined cost control while sustaining rapid performance growth, particularly in the US market [64][95]. Other Important Information - The company achieved an ESG rating upgrade for three consecutive years, with an MSCI rating of AA, reflecting its commitment to sustainable development [35]. - A final dividend of approximately RMB 740 million was announced, representing 50% of adjusted net profit for H2 2024 [56]. Q&A Session Summary Question: Same-store performance in China and growth drivers - Management noted that larger stores showed better recovery, and plans to convert smaller stores into larger formats are underway. The performance of IP Land stores exceeded expectations, and these will be a key strategy moving forward [75][76][78]. Question: Profit per store in the US and same-store sales outlook - The US market is expected to see triple-digit growth in 2025, with ongoing improvements in GP margin anticipated as new stores mature [80][95]. Question: Margin outlook and YH transaction details - Management confirmed confidence in revenue and profit growth for 2025, with a focus on improving the profitability of directly operated stores. The YH acquisition aims to enhance product competitiveness and operational efficiency [94][100]. Question: New store opening targets for 2025 - The company plans to maintain a flat number of new stores compared to 2024, focusing on quality and strategic locations rather than sheer quantity [111][115]. Question: Introduction of third-party products and impact on sales - The introduction of third-party beauty products aligns with target demographics and is expected to enhance same-store sales and profitability [118][119].