Latest news with #GuofuYe
Associated Press
11 hours ago
- Business
- Associated Press
MINISO Group Provides Update on Chairman's Collar Transaction
GUANGZHOU, China, June 20, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ('MINISO', 'MINISO Group' or the 'Company'), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that it has been informed by Mr. Guofu Ye, the chairman of the board of directors, the chief executive officer and the controlling shareholder of the Company, of the full unwinding of his personal collar transaction with a leading financial institution (the 'Dealer'). Under the terms of the unwinding, the Dealer has returned all 14,000,000 ordinary shares of the Company (the 'Shares') that were previously transferred to it as credit support in connection with a prepaid forward contract (the 'Contract') for this collar transaction. This Contract was entered into in 2023 between the Dealer and Mini Investments SP1 Limited ('Mini Investments'), a BVI entity controlled by Mr. Ye. As part of the Contract, Mini Investments transferred 14,000,000 Shares to the Dealer in return for a prepayment from the Dealer, while agreeing to settle the Contract at expiration with either a cash payment or delivery of the shares. With the unwinding of the transaction, the Company understands that Mini Investments has received back all 14,000,000 Shares. The Company believes that Mr. Ye's decision to unwind the collar transaction and regain these MINISO shares demonstrates his continued confidence in and commitment to the long-term success of the Company. About MINISO Group MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand 'MINISO' as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as 'may', 'will', 'expect', 'anticipate', 'aim', 'estimate', 'intend', 'plan', 'believe', 'is/are likely to', 'potential', 'continue' or other similar expressions. Among other things, the quotations from management in this announcement, as well as MINISO's strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC') and The Stock Exchange of Hong Kong Limited (the 'HKEX'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC and the HKEX. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contacts: MINISO Group Holding Limited Email: [email protected] Phone: +86 (20) 36228788 Ext.8039 View original content: SOURCE MINISO Group Holding Limited
Yahoo
26-05-2025
- Business
- Yahoo
Miniso achieves 18.9% revenue surge in March quarter 2025
Chinese lifestyle products retailer Miniso has reported revenue of 4.43bn yuan ($610.1m) in the March quarter of 2025, increasing 18.9% compared to the same period in the previous year. The company has credited the rise mainly to a 16.5% growth in the average number of stores year-over-year. During this quarter, revenue from the Miniso brand itself rose by 16.5%, bolstered by a 9.1% rise within mainland China and a significant 30.3% surge in international markets. Additionally, revenue from the TOP TOY brand soared by 58.9% to 339.9m yuan, largely due to an expansion in store count. Miniso founder, chairman and CEO Guofu Ye said: "We delivered a solid March Quarter to kick off 2025 and are pleased to see our revenue grow by 18.9% year over year. Our revenue growth was mainly attributable to a 9.1% revenue growth in MINISO mainland China, an acceleration from September and December quarter last year, powered by a solid recovery in same-store sales. Through our steady progress in product mix optimization and strategical store network refinement, we are confident in achieving sustainable and high-quality growth.' Despite these increases, operating profit for the quarter saw a decline to 709.79m yuan from 743.29m yuan recorded during the same timeframe last year. The quarter's gross profit for the group stood at 1.96bn yuan, up by 21.1% from the previous year's figure of 1.62bn yuan. The company's gross margin also improved slightly by 0.8 percentage points to reach 44.2%, driven by strong revenue of Miniso brand in overseas markets and gross margin of TOP TOY brand. MINISO CFO Eason Zhang said: "Gross margin for March Quarter reached 44.2%, which was the highest for the past March quarters ever, thanks to our solid performance from overseas markets and TOP TOY.' The group's selling and distribution expenses witnessed a significant jump of 46.7% compared to the previous year, totalling 1.02bn yuan. However, profit of Miniso for the period fell to 416.46m yuan from last year's 585.95m yuan during the same quarter. Its earnings per share on a diluted basis for ordinary shares also decreased to 1.36 yuan for the March quarter, down from 1.88 yuan in the corresponding quarter of the previous year. "Entering into 2025, we are facing an increasingly volatile macroeconomic environment. Yet, with over ten years' experience of globalization, unparalleled scale and diversified footprint, we will stay resilient and agile in order to deliver long-term profitable growth." Guofu Ye added. As of 31 March 2025, Miniso operated of 7,768 stores, including 7,488 Miniso brand 280 TOP TOY brand stores. In September last year, MINISO signed agreements to acquire a 29.4% stake in Chinese retailer Yonghui for 6.3bn yuan. "Miniso achieves 18.9% revenue surge in March quarter 2025" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
What's Going On With MINISO Group Stock On Friday?
MINISO Group (NYSE:MNSO) shares are trading sharply lower on Friday after the company reported first-quarter results. MINISO reported earnings per share of 26 cents, down from 27 cents a year ago. Quarterly sales of $610.06 million (+18.9% year over year) missed the analyst consensus estimate of $624.52 million. First-quarter gross profit increased 21.1% year over year to $269.8 million. Gross margin was 44.2%, compared to 43.4% in the same period last year, on the back of solid performance from overseas markets and TOP net margin was 13.3%, compared to 16.6% in the same period last year. Adjusted EBITDA increased 7.5% year over year, with an adjusted EBITDA margin of 23.4%, compared to 25.9% a year ago. As of March 31, the total number of stores at the group level reached 7,768, marking a net increase of 978 stores year over year. The number of MINISO stores grew to 7,488, reflecting a year-over-year addition of 858 locations. Guofu Ye, founder, chairman, and CEO of MINISO, commented, 'Entering into 2025, we are facing an increasingly volatile macroeconomic environment. Yet, with over ten years' experience of globalization, unparalleled scale, and diversified footprint, we will stay resilient and agile in order to deliver long-term profitable growth.' 'Moving forward, we will continue to exert effort on disciplined cost control and moderate budgeting and balance both growth and our commitment to bringing stable and foreseeable returns to shareholders,' said Eason Zhang, CFO of MINISO. Price Action: MNSO shares are trading lower by 19.1% to $17.85 at last check Friday. Read Next: Image by via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article What's Going On With MINISO Group Stock On Friday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-03-2025
- Business
- Yahoo
Chinese lifestyle retailer MINISO opening new store at Stockton's Weberstown Mall
A Chinese retailer offering trendy lifestyle products at more than 6,600 locations worldwide will soon open its first store in Stockton. MINISO, a global value retailer that sells a variety of products, including beauty and wellness items, electronics, fashion accessories, food, home decor, and toys will open its first Stockton location at Weberstown Mall this spring. While an opening date has not been set, fans of the retailer can expect the new location to open in early May, according to Marci Blower, marketing director for Weberstown Mall. MINISO will occupy the former AT&T location near the main entrance of the mall, next to Old Navy and Five Below. The addition of the store comes after several closures at Weberstown Mall, including Blaze Pizza last December and Sears last August. Those retail spaces have yet to be filled. Guofu Ye, MINISO's founder, gained inspiration for MINISO during his overseas travels with his family in 2013, according to a brand profile. He came across several specialty stores that stocked "good quality, well-designed, and inexpensive products" that were mostly manufactured in China. Driven by his passion for retail and his belief in the industry's potential, Ye established MINISO in a Guangzhou, China garage, the brand profile states. In 2015, MINISO embarked on its globalization journey, entering international markets and making its mark in over 111 countries and regions by March 2024. Today, it has a strong network of more than 6,600 stores, including in world-renowned cities like New York, Los Angeles, Paris, London, Dubai, Sydney, and Istanbul, the brand profile continues. Second Stockton location: Daiso to open new location in Park West Place "MINISO's business philosophy is 'Joy Philosophy,'" the retailer's website says. "The company is committed to offering creatively designed, high-quality products at affordable prices, ensuring people worldwide can enjoy a fulfilling and delightful life. Guided by consumer insights and global market trends, Mr. Guofu Ye introduced the pioneering concept of 'interest-driven consumption,' continuously innovating and upgrading the value pursuit of maximizing value for money." Aside from the lifestyle products, MINISO customers can also find items featuring iconic pop culture brands and characters, such as Harry Potter, Marvel, Mickey and Friends, Peanuts, and Sanrio. MINISO operates nearly 50 other stores in California, with the closest locations to Stockton in Livermore, Modesto, Pleasanton, Roseville, and Sacramento. The Weberstown Mall location will be MINISO's first store in San Joaquin County. Record reporter Hannah Workman covers news in Stockton and San Joaquin County. She can be reached at hworkman@ or on Twitter @byhannahworkman. Support local news, subscribe to The Stockton Record at This article originally appeared on The Record: Chinese lifestyle retailer MINISO opening new Stockton store in May
