Chinese E-Commerce Giants Poised for Growth Following New Government Policy Support
Earnings Call Summary | MINISO(MNSO.US) Q1 2024 Earnings Conference
Mingchuang Premium's Q1 revenue reached a record high, and the speed of store expansion reached the fastest quarter|Financial News
On the afternoon of May 14, Mingchuang Premium Group announced financial results for the first quarter of 2024. The data shows that this is the Q1 where Mingchuang Premium's revenue reached a record high and stores expanded the fastest. The company went overseas smoothly. Overseas market revenue increased 53% year over year, exceeding the company's most optimistic expectations and setting a new record for the first quarter. Among them, overseas direct management grew by more than 80% for four consecutive quarters. Furthermore, the TOP TOY brand has been profitable for two consecutive quarters. Financial data shows that in the first quarter, the company's total revenue increased 26% year on year to 3.72 billion yuan, up 26% year on year; gross profit margin was 43.4%, compared to last year
QS, MNSO and CIFR Are Among Pre Market Gainers
Mingchuang Premium quickly clarified that “it has been shorted”. Where are the market's doubts? | Insight Research
Affected by shorting reports and executive holdings reduction, Mingchuang Premium experienced a cumulative decline of 25% on the 3rd. The company quickly responded: the shorting content is just nonsense, and management is planning to increase holdings.
SNBR and MNSO Among Consumer Discretionary Movers