MINISO GROUP Reports 40.3% Revenue Increase in Q4 of FY2023
August 29, 2023
☀️Earnings Overview
On August 23 2023, MINISO GROUP ($NYSE:MNSO) released their financial results for the fourth quarter of FY2023, which saw total revenue of CNY 3252.2 million, an increase of 40.3% from the same period in the previous year. Additionally, net income for the quarter rose 163.3% year over year to CNY 539.3 million.
Analysis
GoodWhale has conducted an analysis of MINISO GROUP‘s wellbeing, and the results have been compiled into a Star Chart. According to the Star Chart, MINISO GROUP is strong in asset, and medium in dividend, growth, and profitability. This classification puts MINISO GROUP in the ‘cheetah’ type of company, which is defined as a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company is attractive to investors who are looking for high growth potential, as they can benefit from the potential profits from stock appreciation. However, these investors must also be aware that this type of company may pose more risk than other more stable companies. Despite its lower stability, MINISO GROUP has a high health score of 10/10 considering its cashflows and debt, meaning it is capable to safely ride out any crisis without the risk of bankruptcy. This makes it a viable option for investors who are willing to take on more risk for greater returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Miniso Group. More…
| Total Revenues | Net Income | Net Margin |
| 11.47k | 1.77k | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Miniso Group. More…
| Operations | Investing | Financing |
| 1.11k | -2.13k | -733.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Miniso Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.45k | 4.53k | 28.17 |
Key Ratios Snapshot
Some of the financial key ratios for Miniso Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.5% | 40.2% | 20.6% |
| FCF Margin | ROE | ROA |
| 8.0% | 17.2% | 11.0% |
Summary
Investors are encouraged by the recent financial results of MINISO GROUP, with total revenue of CNY 3252.2 million for the fourth quarter of FY2023 representing a substantial 40.3% year-over-year growth. Moreover, net income for this quarter was reported at CNY 539.3 million- an impressive 163.3% increase compared to the same quarter from the prior year. This strong earnings report has resulted in a positive stock price movement, and investors appear confident in the company’s long-term prospects. Analysts recommend continued monitoring of MINISO GROUP’s performance to ensure that shareholders are fully informed of the company’s progress.
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