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Stock impact report

MINISO Group Announces September Quarter and First Nine Months of 2024 Unaudited Financial Results [Yahoo! Finance]

MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO) 
Company Research Source: Yahoo! Finance
RMB12,281.3 million (US$1,750.1 million), a 34.1% year-over-year increase in gross profit to RMB5,419.8 million (US$772.3 million), and a 14.3% year-over-year increase in operating profit to RMB2,347.4 million (US$334.5 million). (Source: MINISO Group Holding Limited press release) The key drivers of MINISO Group's revenue growth for the nine months ended September 30, 2024, were an 18.5% year-over-year increase in average store count and a low-single digit same-store sales growth on a group level. (Source: MINISO Group Holding Limited press release) As of September 30, 2024, MINISO Group's total number of stores reached 7,420, with a net increase of 859 stores in the first nine months of 2024. The number of MINISO stores in mainland China increased by 324 to 4,250, and the number of MINISO stores in overseas markets increased by 449 to 2,936. (Source: MINISO Group Holding Limited press release) The key factors contributing to the increase in MINISO Group's gross margin for the Show less Read more
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