MINISO Group Reports Record Earnings for Fiscal Year 2023
August 26, 2023
🌥️Earnings Overview
On August 23, 2023, MINISO GROUP ($NYSE:MNSO) released their fiscal year ending June 30, 2023 report, which showed total revenue of CNY 3252.2 million – an impressive 40.3% increase from the previous year. Net income for the period was CNY 539.3 million, demonstrating a remarkable 163.3% year-over-year growth.
Share Price
The MINISO Group reported record earnings for the fiscal year ending in 2023, with their stock prices reflecting the strong results. On Wednesday, MINISO GROUP stock opened at $22.7 and ended the day at $23.3 – a 4.3% increase from the previous closing price of 22.4. The Chinese lifestyle brand has seen tremendous growth over the past few years, as shoppers flock to its stores for affordable and stylish products. The company’s success can also be attributed to its unique business model, which emphasizes value-for-money and customer satisfaction. As a result, MINISO has managed to capture a large market share in Asia and beyond.
Analysts have praised the MINISO Group’s strong financial performance, noting that the company has managed to stay competitive in a challenging retail landscape. The company’s diversified product range and global expansion strategy have been credited for its success. Going forward, the MINISO Group is expected to continue to report strong earnings in the coming years, as it continues to focus on customer loyalty and innovative product launches. Live Quote…
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% |
Analysis
At GoodWhale, we have conducted an analysis of MINISO GROUP‘s fundamentals, and our Risk Rating suggests that this company is a medium risk investment when it comes to the financial and business aspects. We have detected two risk warnings in the income sheet and cashflow statement, so if you’d like to find out more about these, you can register with us. Our analysis reveals that MINISO GROUP has a stable performance over time, making it a good option for those looking for an investment with low volatility. Additionally, its balance sheet shows that it has a strong liquidity position and high solvency ratio, which helps to protect investors from any potential losses. All in all, MINISO GROUP may be a great option for those seeking a medium risk investment. More…
Summary
MINISO GROUP has reported strong earnings for the fiscal year ending June 30, 2023, with total revenue up 40.3% and net income up 163.3%. Investors seem to have taken notice, as the stock price jumped the same day, suggesting a positive outlook on the company’s future performance. Analysts are predicting that MINISO GROUP will continue to experience solid growth in the coming years, with its unique retail model and strong branding appealing to Chinese consumers.
With its increasing presence in global markets, MINISO GROUP is poised to benefit from a rising demand for its products and services. Investors looking for long term growth opportunities should consider adding the company to their portfolios.
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