Summary by Moomoo AI
miniso announced its interim performance as of June 30, 2024, showing growth in both revenue and profit. Revenue increased from RMB 6,206,330 thousand in the same period of 2023 to RMB 7,758,743 thousand, a growth of 25.0%. Gross profit rose from RMB 2,457,392 thousand to RMB 3,389,786 thousand, an increase of 37.9%. Operating profit and net profit for the period increased by 18.1% and 15.7% respectively, to RMB 1,494,809 thousand and RMB 1,177,379 thousand. Net profit attributable to equity shareholders of the company also increased from RMB 1,004,836 thousand to RMB 1,170,102 thousand, a growth of 16.4%. Adjusted net profit increased by 17.8% to RMB 1,241,886 thousand. miniso continued to expand its store network during the reporting period, with the total number of stores in mainland China and overseas markets increasing from 6,413 at the end of 2023 to 6,868. In...Show More