Miniso announced on the Hong Kong Stock Exchange that for the fiscal year ending December 31, 2024, the group's total revenue was RMB 16,994.0 million (for the twelve months ending December 31, 2023: RMB 13,838.8 million). Gross profit was RMB 7,637.1 million (for the twelve months ending December 31, 2023: RMB 5,698.4 million), with a gross profit margin of 44.9% (for the twelve months ending December 31, 2023: 41.2%). The increase in gross profit margin was mainly due to (i) optimization of products in overseas markets and an increase in the proportion of revenue from direct sales markets, which drove up the gross profit margin in overseas markets, and (ii) an improvement in the gross profit margin of TOPTOY due to a shift in product mix towards more profitable products. For the fiscal year ending December 31, 2024, the group recorded an adjusted net profit for the year (excluding equity-settled share-based payment expenses) of RMB 2,720.6 million (for the twelve months ending December 31, 2023: RMB 2,356.7 million).
Risk Warning and Disclaimer
The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

MNSO

09896

Miniso announced on the Hong Kong Stock Exchange that for the fiscal year ending December 31, 2024, total revenue was RMB 16,994.0 million, an increase of 23.5% compared to 2023. Gross profit was RMB 7,637.1 million, with a gross margin rising to 44.9%

- Miniso Group reported total revenue of RMB 16,994.0 million for the fiscal year ending December 31, 2024, up from RMB 13,838.8 million for the previous year.  
- The gross profit increased to RMB 7,637.1 million, with a gross margin of 44.9%, attributed to improved overseas market performance and a shift towards more profitable products.  
- The adjusted net profit for the year was RMB 2,720.6 million, compared to RMB 2,356.7 million in the prior year, highlighting the company's growth despite market risks.  

Miniso: Total revenue for the fiscal year 2024 is 16.994 billion yuan, with a gross margin increase to 44.9%