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Did Ye Guofu win a game against Jack Ma?
Retail stands a new king.
European and American stocks and bonds both fell, tesla rose more than 9% after hours, silver fell by 4%, the dollar reached its highest level in nearly three months
European and American central bank officials called for caution in cutting interest rates, with US Treasury yields rising to pressure low-risk assets. The Dow and S&P indices fell by about 1% for the third consecutive day, NVIDIA initially dropped over 4%, cloud-based company Kujiale warned of profit slump nearly 3% in US stock, China concept index turned down, but Li Auto Inc. rose by nearly 4%. The 10-year US Treasury yield once rose above 4.26% to a three-month high, and the yen fell below 153 for the first time in three months. Oil prices fell by more than 1%, spot gold approached $2760 to hit a new high before falling by over 1%, and silver initially dropped by 4%.
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"China's version of Sam's Club" is coming.
yonghui superstores has changed ownership.
Miniso joins hands with Yonghui to "gamble" on offline supermarkets! Is the "Chinese version of Costco" coming soon?
Pindao Concept Mode, as well as Yonghui's Pindao Concept Mode transformation, has become the most critical factor in attracting Miniso to enter, is China's major transformation in supermarkets coming soon?
After miniso "takes over" yonghui superstores as the largest shareholder, the US stock market fell by over 16%.
Interpretation suggests that as a rapidly globalizing retail brand in China, the collaboration between Miniso and Yonghui is expected to create a "Chinese version of Sam's Club".
US stocks plunged 19% at the opening! Miniso plans to buy shares with 6.3 billion cash, becoming the largest shareholder of yonghui superstores. Rapid announcement.
1. guangdong Juncai International Trade Co., Ltd. intends to acquire 29.4% equity of Yonghui Superstores through agreement transfer, becoming the latter's largest shareholder; 2. Miniso's US stock opened with a decline of over 19%, and the company's management stated that it is not expected to become the controlling shareholder of Yonghui Superstores; 3. Yonghui Superstores' revenue and profit both decreased in the first half of the year, with the company stating that there has been a certain degree of decline in customer traffic and average customer spending in the first half of the year.
MINISO Group Holding Limited (MNSO) CYQ2 2024 Earnings Call Transcript Summary
Miniso's performance in the first half of the year exceeded expectations and will repurchase up to 2 billion Hong Kong dollars worth of shares | Financial report news.
The management of the company is confident in the company's business prospects and believes that the current stock price is below its intrinsic value. Good performance has driven Miniso's US stocks to open with a significant increase of 10%, but the gain was later reversed.
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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
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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.
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Mingchuang Premium handed over the strongest performance in history. Why did its stock price drop by more than 10%? | Insight Research
On November 21, Mingchuang Premium handed over its financial report for the FY2024Q1 quarter ending September 30, 2023. It can be called the strongest performance in history. Various data such as revenue, gross profit margin, and net profit have all achieved historic breakthroughs. Revenue during the disclosure period was 3.791 billion/yoy +36.7%. Among them, overseas revenue was 1,295 billion yuan/yoy +40.8%, and domestic revenue was 2,496 billion yuan/yoy +34.7%. Overseas revenue is growing faster than domestic revenue. Gross margin exceeded 40% for the first time, reaching 41.8% /+6.1pct; adjusted net profit of 640 million/ +54%, adjusted
Mingchuang Premium Begins “Upgrading” | Insight Research
Mingchuang Premium's 8.9 yuan eyebrow pencil has gone viral under the backdrop of the “Domestic Price Assassin.” Aromatherapy, which costs around 30 yuan, and an 8.9 eyebrow pencil have become the latest standard for young people. Thanks to young people's pursuit of a refined lifestyle and at the same time their demand for maximum savings, Mingchuang Premium has grown rapidly in the global economic downturn cycle with its low price strategy. This year, it achieved the best performance in the company's history. Revenue for the third fiscal quarter increased 26% year-on-year, reaching 2.95 billion yuan. However, Mingchuang Premium is not satisfied with its low price position; they are also worried about the sustainability brought about by low price traffic. Founder Ye Guofu believes that in complicated commerce
Overseas business continues to grow, Mingchuang Premium's net profit surged 177.2% in fiscal year 2023 | Financial News
Gross profit continued to improve, with a year-on-year increase of 44.7%, and gross margin of 38.7%, an increase of 2.5 percentage points over the previous year.
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