Summary by Moomoo AI
Miniso Holdings Group Limited ("Miniso") has announced the unaudited financial performance for the three and six months ended June 30, 2024. The report shows that Miniso's revenue in the June 2024 quarter increased by 24.1% year-on-year, reaching RMB 4.035 billion, and gross profit increased by 36.9% year-on-year, reaching RMB 1.773 billion. The gross margin reached 43.9%, a new record high for the company. Operating profit increased by 8.9% year-on-year, reaching RMB 0.752 billion. Profit for the period increased by 8.1% year-on-year, reaching RMB 0.591 billion. Adjusted net profit increased by 9.4% year-on-year, reaching RMB 0.625 billion. Miniso opened a net of 455 new stores in the first half of 2024, including a net of 266 new stores in overseas markets. Mr. Ye Guofu, the company's...Show More