MINISO Group projects interim profit growth and revenue increase

MINISO Group (09896) has released its interim financial projections for the period ending June 30. The company expects interim profits to reach between 940 million and 960 million RMB, representing an increase of approximately 4% to 6%.

Revenue is projected to grow by 22% to 23%, reaching an estimated 11.45 billion to 11.55 billion RMB. Operating profit is expected to rise by 5% to 7%, totaling between 1.62 billion and 1.66 billion RMB.

Profit growth was supported by unrealized gains from an investment in an AI-related limited partnership and investment income from Yonghui Superstores. However, these gains were partially offset by increased sales and distribution expenses, net foreign exchange losses of approximately 140 million RMB, higher financial costs due to lease liabilities, and fluctuations in the fair value of derivatives and redemption liabilities.