Latest news with #MINISOGroup
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
12-06-2025
- Business
- Yahoo
MINISO Group Announces Results of Annual General Meeting
GUANGZHOU, China, June 12, 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 all the proposed resolutions submitted for shareholder approval set out in the notice of its annual general meeting were duly adopted at the meeting held in Hong Kong today. 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 consuming brand and established a massive store network worldwide. For more information, please visit Investor Relations Contact: MINISO Group Holding LimitedEmail: ir@ +86 (20) 36228788 Ext.8039 View original content: SOURCE MINISO Group Holding Limited 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
24-05-2025
- Business
- Yahoo
Why MINISO Group Holding Limited (MNSO) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where MINISO Group Holding Limited (NYSE:MNSO) stands against other Friday's worst-performing stocks. Miniso Group saw its share prices nosedive by 17.58 percent on Friday to finish at $18.29 apiece following a disappointing earnings performance in the first quarter of the year. In its financial statement, MINISO Group Holding Limited (NYSE:MNSO) said net income attributable to shareholders declined by 28 percent to 416 million yuan from the 582 million yuan registered in the same period last year. Revenues, on the other hand, increased by 18.9 percent to 4.4 billion yuan from the 3.7 billion yuan reported in the same period last year, on the back of a 9.1 percent revenue growth in Miniso mainland China. A close-up of a product showcasing the company's retail range of lifestyle items. Looking ahead, MINISO Group Holding Limited (NYSE:MNSO) said it entered 2025 facing an increasingly volatile market environment, but promised to stay resilient and agile to deliver long-term profitable growth. 'We are forging more holistic collaborations with our overseas partners to enhance synergies, upgrade store formats to improve operational efficiency and unlock potential in store opening space,' it said. Overall, MNSO ranks 2nd on our list of Friday's worst-performing stocks. While we acknowledge the potential of MNSO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNSO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-05-2025
- Business
- Yahoo
Why MINISO Group Holding Limited (MNSO) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where MINISO Group Holding Limited (NYSE:MNSO) stands against other Friday's worst-performing stocks. Miniso Group saw its share prices nosedive by 17.58 percent on Friday to finish at $18.29 apiece following a disappointing earnings performance in the first quarter of the year. In its financial statement, MINISO Group Holding Limited (NYSE:MNSO) said net income attributable to shareholders declined by 28 percent to 416 million yuan from the 582 million yuan registered in the same period last year. Revenues, on the other hand, increased by 18.9 percent to 4.4 billion yuan from the 3.7 billion yuan reported in the same period last year, on the back of a 9.1 percent revenue growth in Miniso mainland China. A close-up of a product showcasing the company's retail range of lifestyle items. Looking ahead, MINISO Group Holding Limited (NYSE:MNSO) said it entered 2025 facing an increasingly volatile market environment, but promised to stay resilient and agile to deliver long-term profitable growth. 'We are forging more holistic collaborations with our overseas partners to enhance synergies, upgrade store formats to improve operational efficiency and unlock potential in store opening space,' it said. Overall, MNSO ranks 2nd on our list of Friday's worst-performing stocks. While we acknowledge the potential of MNSO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNSO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
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
