On June 27, Miniso and passed the hearing of the Hong Kong Stock Exchange. After the meeting, Miniso will enter the IPO process.
In fact, Miniso was listed on the New York Stock Exchange on October 15, 2020. According to the company's previously released financial results for the third quarter of fiscal year 2022, Miniso's revenue reached 2.34 billion yuan, a year-on-year increase of 5%; net profit was 92.7 million yuan, a year-on-year decrease of 19.4%.
According to disclosures, as of the fiscal years ending June 30, 2019, 2020, and 2021, Miniso’s revenue from continuing operations was 9.394 billion yuan, 8.978 billion yuan, and 9.071 billion yuan respectively; its gross profit was 2.511 billion yuan respectively. , 2.732 billion yuan and 2.431 billion yuan.
As of June 30, 2019, 2020 and 2021, Miniso’s adjusted net profit was -294 million yuan, -260 million yuan and -1.429 billion yuan respectively; its adjusted net profit was 869 million yuan, 971 million and 480 million yuan. In terms of the number of
stores, as of March 31, 2022, the number of Miniso stores worldwide was 5,113, of which the number of domestic stores was 3,197, a year-on-year increase of 385 stores; the number of overseas stores was 1,916, a year-on-year increase of 141 stores. The number of its TOP TOY stores worldwide is 92, an increase of 83 stores year-on-year.
In addition, in March, the average number of Miniso stores temporarily closed in China exceeded 300, and TOP TOY had about 11 stores. The company estimates that due to this impact, its GMV loss in March was approximately 300 million yuan. In overseas markets, as of March 31, 2022, 74 stores or 4% of the total overseas stores have not resumed operations. According to
public information, Miniso is a fast-growing global retailer that provides a rich and diverse range of creative home life products. In the nine years since it opened its first store in China in 2013, it has successfully incubated two brands, namely Miniso and TOP TOY.
Recently, two dispute cases between Miniso and Yiteli Technology (Suzhou Industrial Park) Co., Ltd. were announced. Miniso lost both cases. According to the judgment document, Yingteri carried out stock preparation and production in accordance with the defendant's instructions, and Miniso did not pick up the goods or pay for the goods. The court held that Miniso had breached the contract by failing to pay the order payment and not take delivery of the goods despite repeated reminders. The court ruled that the custom-made contract between the two parties was terminated, and Miniso paid Yingteli the custom-made payment and losses totaling more than 1.73 million yuan, as well as interest on overdue payments.
Xiaoxiang Morning News reporter Shen Xiaoyi
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