Summary by Moomoo AI
Miniso Group Holdings Limited announced its 2024 interim financial report, showing that as of June 30, 2024, the company's revenue reached RMB 7,758,743 thousand, a year-on-year increase of 25.0%. The profit for the period was RMB 1,177,379 thousand, a year-on-year increase of 15.7%. The net cash generated from operating activities was RMB 1,293,756 thousand, an increase of 4.9% compared to the same period last year. Miniso conducted a share buyback program during the reporting period, repurchasing a total of 1,230,200 shares, involving a total consideration of approximately RMB 40.3 million. In addition, the company announced on August 30, 2024, the distribution of an interim cash dividend of $0.0686 per ordinary share, totaling approximately USD 85.5 million. The company's shares were listed on the main board of the Hong Kong Stock Exchange on July 13, 2022, with global offering proceeds netting HKD 482.1 million, which has been fully utilized within 48 months after listing for the intended purposes.
