MINISO GROUP Reports Strong Financial Results for First Quarter of FY2024
December 6, 2023
☀️Earnings Overview
On November 22, 2023, MINISO GROUP ($NYSE:MNSO) released their financial results for the first quarter of FY2024, ending September 30, 2023. Total revenue for the quarter was CNY 3791.2 million, which represented a 36.7% increase compared to the same period in the preceding year. Additionally, net income rose to CNY 612.6 million, representing a 48.8% increase.
Price History
The Group’s stock opened the day at $25.0 and, despite a 4.4% drop from its last closing price of $25.0, it closed at $23.9. The Group’s profits also benefitted from improved operating efficiency and cost-cutting initiatives implemented over the past year, which helped to offset rising costs associated with labor, rent, and freight. Its net income and total revenue grew significantly due to strong sales in the retail sector, improved operating efficiency, and cost-cutting measures, all of which helped to contribute to its positive financial performance. 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 |
| 12.49k | 1.97k | 15.8% |
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 |
| 13.65k | 5.03k | 27.21 |
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 |
| 15.7% | 88.3% | 21.5% |
| FCF Margin | ROE | ROA |
| 7.3% | 19.2% | 12.3% |
Analysis
GoodWhale’s analysis of MINISO GROUP‘s wellbeing reveals that the company is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are interested in companies with a high potential for growth and strong competitive advantages may find MINISO GROUP an attractive investment target. In addition, MINISO GROUP has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. Furthermore, MINISO GROUP is strong in terms of assets and growth, and medium in dividend and profitability. All these factors make MINISO GROUP a very attractive investment opportunity. More…
Summary
MINISO GROUP has seen strong growth in its financial performance in the first quarter of FY2024. Total revenue was up 36.7% year-on-year while net income grew a significant 48.8%. The stock price dropped on the day of the announcement, likely due to investor expectations of higher performance.
Investors should watch out for further developments in the company’s operations and results in the upcoming quarters, as any signs of a slowdown may affect the stock price. Overall, MINISO GROUP is a promising investment prospect, with solid financials and steady growth prospects.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
