MINISO Reports Impressive Revenue and Profit Growth for 2024

Published 1 hours agoMNSO

MINISO Reports Impressive Revenue and Profit Growth for 2024

MINISO Group Holding Limited has revealed a strong financial performance for the year ending December 31, 2024. The company reported a 22.8% increase in revenue, reaching RMB16,994.0 million (approximately US$2,328.2 million), showcasing its robust growth in the global market. This uptick marks a significant achievement amid the challenging retail landscape.

The company also posted notable improvements in profit metrics, with gross profit climbing by 34% to RMB7,637.1 million (around US$1,046.3 million), and an operating profit jump of 17.6% bringing it to RMB3,315.8 million (US$454.3 million). Additionally, the period's profit rose by 15.9% to RMB2,635.4 million (US$361.1 million). Adjusted net profit, however, excluding some expenses, was slightly higher at RMB2,720.6 million (US$372.7 million), translating to an increase of 15.4%. Earnings per ADS also saw positive growth, climbing 16% to RMB8.68 (US$1.19).

Beyond finances, MINISO expanded significantly by opening over 1,200 new stores throughout the year, raising its global presence to a total of 7,780 stores by the end of 2024. In terms of shareholder returns, the company distributed RMB1,574.5 million through cash dividends and share buybacks. According to Nasdaq.com, these results underline MINISO's strategic efforts toward enhancing its operational footprint and delivering shareholder value.

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MINISO Reports Impressive Revenue and Profit Growth for 2024

MINISO Reports Impressive Revenue and Profit Growth for 2024

1 hours agoMNSO

MINISO Group Holding Limited has revealed a strong financial performance for the year ending December 31, 2024. The company reported a 22.8% increase in revenue, reaching RMB16,994.0 million (approximately US$2,328.2 million), showcasing its robust growth in the global market. This uptick marks a significant achievement amid the challenging retail landscape. The company also posted notable improvements in profit metrics, with gross profit climbing by 34% to RMB7,637.1 million (around US$1,046.3 million), and an operating profit jump of 17.6% bringing it to RMB3,315.8 million (US$454.3 million). Additionally, the period's profit rose by 15.9% to RMB2,635.4 million (US$361.1 million). Adjusted net profit, however, excluding some expenses, was slightly higher at RMB2,720.6 million (US$372.7 million), translating to an increase of 15.4%. Earnings per ADS also saw positive growth, climbing 16% to RMB8.68 (US$1.19). Beyond finances, MINISO expanded significantly by opening over 1,200 new stores throughout the year, raising its global presence to a total of 7,780 stores by the end of 2024. In terms of shareholder returns, the company distributed RMB1,574.5 million through cash dividends and share buybacks. According to Nasdaq.com, these results underline MINISO's strategic efforts toward enhancing its operational footprint and delivering shareholder value.