----------- --------- ----------- ---------
Earnings per share
for ordinary shares
-Basic 0.49 0.52 0.07 1.30 1.46 0.21
-Diluted 0.49 0.52 0.07 1.29 1.45 0.21
Earnings per ADS
(Each ADS represents
4 ordinary shares)
-Basic 1.96 2.08 0.30 5.20 5.84 0.83
-Diluted 1.96 2.08 0.30 5.16 5.80 0.83
MINISO GROUP HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME (CONTINUED)
(Expressed in thousands)
Three months ended September
30, Nine months ended September 30,
------------------------------- --------------------------------
2023 2024 2023 2024
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
----------- ------------------ ----------- -------------------
RMB'000 RMB'000 US$ '000 RMB'000 RMB'000 US$ '000
----------- ------- --------- ----------- --------- --------
Profit for the
period 618,275 648,321 92,384 1,636,193 1,825,700 260,160
----------- ------- --------- ----------- --------- --------
Items that may
be reclassified
subsequently to
profit or loss:
Exchange
differences on
translation of
financial
statements of
foreign
operations (17,880) 8,863 1,263 36,952 15,708 2,238
----------- ------- --------- ----------- --------- --------
Other
comprehensive
(loss)/income
for the period (17,880) 8,863 1,263 36,952 15,708 2,238
=========== ======= ========= =========== ========= ========
Total
comprehensive
income for the
period 600,395 657,184 93,647 1,673,145 1,841,408 262,398
=========== ======= ========= =========== ========= ========
Attributable to:
Equity
shareholders of
the Company 596,574 645,096 91,924 1,653,673 1,823,139 259,795
Non-controlling
interests 3,821 12,088 1,723 19,472 18,269 2,603
----------- ------- --------- ----------- --------- --------
MINISO GROUP HOLDING LIMITED
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES
(Expressed in thousands, except for per share, per ADS data and percentages)
Three months ended September 30, Nine months ended September 30,
-------------------------------- -------------------------------
2023 2024 2023 2024
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
----------- ------------------- ----------- ------------------
RMB'000 RMB'000 US$'000 RMB'000 RMB'000 US$'000
----------- --------- -------- ----------- --------- -------
Reconciliation
of profit for
the period to
adjusted net
profit:
Profit for the
period 618,275 648,321 92,384 1,636,193 1,825,700 260,160
----------- --------- -------- ----------- --------- -------
Add back:
Equity-settled
share-based
payment
expenses 23,769 37,883 5,398 60,071 102,390 14,590
Adjusted net
profit 642,044 686,204 97,782 1,696,264 1,928,090 274,750
=========== ========= ======== =========== ========= =======
Adjusted net
margin 16.9 % 15.2 % 15.2 % 17.0 % 15.7 % 15.7 %
=========== ========= ======== =========== ========= =======
Attributable to:
Equity
shareholders of
the Company 636,360 679,461 96,821 1,677,498 1,913,891 272,727
Non-controlling
interests 5,684 6,743 961 18,766 14,199 2,023
----------- --------- -------- ----------- --------- -------
Adjusted net
earnings per
share(1)
-Basic 0.51 0.55 0.08 1.35 1.54 0.22
-Diluted 0.51 0.55 0.08 1.34 1.53 0.22
Adjusted net
earnings per ADS
(Each ADS
represents 4
ordinary
shares)
-Basic 2.04 2.20 0.31 5.40 6.16 0.88
-Diluted 2.04 2.20 0.31 5.36 6.12 0.87
Reconciliation
of adjusted net
profit for the
period to
adjusted
EBITDA:
Adjusted net
profit 642,044 686,204 97,782 1,696,264 1,928,090 274,750
----------- --------- -------- ----------- --------- -------
Add back:
Depreciation and
amortization 132,868 222,259 31,672 311,872 555,390 79,142
Finance costs 11,481 17,227 2,455 29,758 57,822 8,240
Income tax
expense 227,923 214,090 30,508 538,210 565,832 80,630
----------- --------- -------- ----------- --------- -------
Adjusted EBITDA 1,014,316 1,139,780 162,417 2,576,104 3,107,134 442,762
=========== ========= ======== =========== ========= =======
Adjusted EBITDA
margin 26.8 % 25.2 % 25.2 % 25.8 % 25.3 % 25.3 %
=========== ========= ======== =========== ========= =======
Note:
(1) Adjusted basic and diluted net earnings per share are computed by dividing adjusted net profit attributable to the equity shareholders of the Company by the number of ordinary shares used in the basic and diluted earnings per share calculation on an IFRS basis.
MINISO GROUP HOLDING LIMITED
UNAUDITED ADDITIONAL INFORMATION
(Expressed in thousands, except for percentages)
Three months ended September
30, Nine months ended September 30,
------------------------------ --------------------------------
2023 2024 YoY 2023 2024 YoY
--------- ------------------- -------- --------- ---------------------
RMB'000 RMB'000 US$'000 RMB'000 RMB'000 US$'000
--------- --------- -------- -------- --------- ---------- --------- --------
Revenue
Mainland
China 2,495,777 2,711,673 386,410 8.7 % 6,786,431 7,738,402 1,102,713 14.0 %
-MINISO
Brand(1) 2,306,566 2,438,555 347,491 5.7 % 6,259,026 7,031,354 1,001,960 12.3 %
-TOP TOY
Brand 180,664 271,645 38,709 50.4 % 491,531 700,417 99,808 42.5 %
-Others(2) 8,547 1,473 210 (82.8) % 35,874 6,631 945 (81.5) %
Overseas 1,295,377 1,810,904 258,052 39.8 % 3,211,053 4,542,918 647,361 41.5 %
3,791,154 4,522,577 644,462 19.3 % 9,997,484 12,281,320 1,750,074 22.8 %
========= ========= ======== ======== ========= ========== ========= ========
Notes:
(1) "MINISO Brand" refers to the revenue generated from MINISO brand including revenue from offline stores, e-commerce and others in mainland China.
(2) "Others" refers to revenue generated from other operating segments such as "WonderLife", which was a secondary brand targeting on lower-tier cities in mainland China, aggregated and presented as "others". As the MINISO brand increasingly penetrated into lower-tier cities in mainland China, "WonderLife" has become marginalized.
MINISO GROUP HOLDING LIMITED
UNAUDITED ADDITIONAL INFORMATION
NUMBER OF MINISO STORES IN MAINLAND CHINA
As of
------------------------------------------
September 30, December 31, September 30,
2023 2023 2024 YoY YTD(1)
------------- ------------ ------------- --- ------
By City Tiers
First-tier
cities 499 522 563 64 41
Second-tier
cities 1,554 1,617 1,771 217 154
Third- or
lower-tier
cities 1,749 1,787 1,916 167 129
------------- ------------ ------------- --- ------
Total 3,802 3,926 4,250 448 324
============= ============ ============= === ======
Note:
(MORE TO FOLLOW) Dow Jones Newswires
November 29, 2024 03:35 ET (08:35 GMT)
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