Caixin News Agency, November 29th - Miniso (09896/MNSO) has released unaudited financial results for the three and nine months ended September 30, 2024. The report shows that the company's revenue for the first nine months of 2024 was 12.281 billion yuan (1.75 billion US dollars), a year-on-year increase of 22.8%. The gross profit was 5.42 billion yuan (772 million US dollars), a year-on-year increase of 34.1%, and the gross profit margin increased to 44.1%, up 3.7 percentage points from 40.4% in the same period of 2023. The profit during the period was 1.826 billion yuan (260 million US dollars), a year-on-year increase of 11.6%.
In terms of business activities, as of September 30, 2024, the total number of stores of the company reached 7420, a net increase of 859 compared to the beginning of the year. Among them, the number of Miniso brand stores was 7186, with a net increase of 773, and the number of stores in overseas markets was 2936, with a net increase of 449. The company stated that it will continue to focus on product innovation and consumer experience in the future, maintaining an annual adjusted net profit of no less than 50% as dividends, and conducting dynamic repurchases to give back to shareholders.