$MNSO

MINISO Group Holding Ltd

CIK:0001815846|SEC Filings

Consolidated statements of profit or loss - CNY (¥) ¥ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2025	Dec. 31, 2024	Jun. 30, 2023
Consolidated statements of profit or loss
Revenue	¥ 7,632,467	¥ 21,443,827	¥ 16,994,025	¥ 11,473,208
Cost of sales	(4,391,428)	(11,795,708)	(9,356,965)	(7,030,156)
Gross profit	3,241,039	9,648,119	7,637,060	4,443,052
Other income	18,993	19,377	21,595	17,935
Selling and distribution expenses	(1,363,114)	(5,265,758)	(3,519,534)	(1,716,093)
General and administrative expenses	(357,689)	(1,225,373)	(931,651)	(633,613)
Other net income	21,105	195,610	114,696	114,106
Reversal of credit loss/(credit loss) on trade and other receivables	(2,080)	(33,241)	2,469	1,072
Impairment loss on non-current assets	(4,547)	(35,611)	(8,846)	(3,448)
Operating (loss)/income	1,553,707	3,303,123	3,315,789	2,223,011
Finance income	123,969	104,421	118,672	145,225
Finance costs	(25,202)	(430,930)	(92,915)	(34,622)
Net finance income/(costs)	98,767	(326,509)	25,757	110,603
Share of profit/(loss) of equity-accounted investees, net of tax	268	(834,453)	5,986
Changes in fair value of redemption liabilities		(158,491)
Other expenses		(70,332)
Profit before taxation	1,652,742	1,913,338	3,347,532	2,333,614
Income tax expense	(396,665)	(703,524)	(712,104)	(551,785)
Profit for the year/period	1,256,077	1,209,814	2,635,428	1,781,829
Attributable to:
Equity shareholders of the Company	1,248,405	1,205,045	2,617,560	1,768,926
Non-controlling interests	7,672	4,769	17,868	12,903
Profit for the year/period	¥ 1,256,077	¥ 1,209,814	¥ 2,635,428	¥ 1,781,829
Earnings per share
Basic earnings per share (RMB)	¥ 1	¥ 0.98	¥ 2.11	¥ 1.42
Diluted earnings per share (RMB)	¥ 1	¥ 0.98	¥ 2.1	¥ 1.41

Consolidated statements of cash flows - CNY (¥)	6 Months Ended	12 Months Ended
Consolidated statements of cash flows - CNY (¥)	Dec. 31, 2023	Dec. 31, 2025	Dec. 31, 2024	Jun. 30, 2023
Cash flows from operating activities
Cash generated from operations	¥ 1,448,307,000	¥ 3,347,298,000	¥ 2,995,609,000	¥ 2,084,952,000
Income tax paid	(350,766,000)	(769,407,000)	(827,275,000)	(418,922,000)
Net cash from operating activities	1,097,541,000	2,577,891,000	2,168,334,000	1,666,030,000
Cash flows from investing activities
Payment for purchases of property, plant, equipment and intangible assets	(264,766,000)	(997,651,000)	(762,538,000)	(174,147,000)
Proceeds from disposal of property, plant and equipment and intangible assets	427,000	55,684,000	12,446,000	5,224,000
Refund of prepayments				200,000,000
Payments for purchases of other investments	(2,553,982,000)	(24,957,607,000)	(14,117,719,000)	(7,880,763,000)
Proceeds from disposal of other investments	2,503,982,000	25,062,179,000	14,267,719,000	7,808,395,000
Placement of term deposits	(210,405,000)	(125,477,000)	(302,158,000)	(761,371,000)
Release of term deposits	581,371,000	290,289,000	213,521,000	316,542,000
Interest income	122,231,000	95,126,000	112,404,000	145,225,000
Investment income from other investments	14,281,000	103,675,000	81,145,000	42,921,000
Loan to an equity-accounted investee		(34,072,000)	(19,926,000)
Payments for investments in equity-accounted investees	(16,066,000)	(6,285,796,000)	(18,148,000)
Acquisition of subsidiaries, net of cash acquired		(225,856,000)		4,568,000
Net cash (used in)/from investing activities	177,073,000	(7,019,506,000)	(533,254,000)	(293,406,000)
Cash flows from financing activities
Proceeds from Hong Kong public offering and exercise of the over-allotment option, net of underwriting commissions and other issuance costs				469,683,000
Proceeds from capital injection from shareholders, subscription of restricted shares, restricted share units and exercise of share options	168,000	303,000	649,000	382,000
Proceeds from loans and borrowings		4,737,057,000	563,800,000
Repayment of loans and borrowings		(595,228,000)	(718,000)	(206,000)
Payment of capital element and interest element of lease liabilities	(236,519,000)	(897,480,000)	(725,075,000)	(346,008,000)
Interest paid		(96,451,000)
Payments of repurchase of shares	(73,560,000)	(535,249,000)	(313,416,000)	(32,711,000)
Prepayments for repurchase of shares	(87,324,000)			(3,693,000)
Dividends paid to equity shareholders of the Company	(923,664,000)	(1,357,748,000)	(1,244,251,000)	(370,787,000)
Dividends paid to non-controlling interests			(1,612,000)
Payments of listing expenses relating to Hong Kong public offering				(42,616,000)
Payment for purchases of options		(1,207,782,000)
Proceeds from issue of options		650,711,000
Proceeds from issue of the Equity Linked Securities, net of issuance costs		3,842,864,000
Proceeds from issue of preferred share		424,862,000
Payment for acquisition of non-controlling interest		(3,605,000)
Capital injection from non-controlling interests		6,980,000
Net cash (used in)/from financing activities	(1,320,899,000)	4,969,234,000	(1,720,623,000)	(325,956,000)
Net increase/(decrease) in cash and cash equivalents	(46,285,000)	527,619,000	(85,543,000)	1,046,668,000
Cash and cash equivalents at the beginning of the year/period	6,489,213,000	6,328,121,000	6,415,441,000	5,348,492,000
Effect of movements in exchange rates on cash held	(27,487,000)	(38,611,000)	(1,777,000)	94,053,000
Cash and cash equivalents at the end of the year/period	¥ 6,415,441,000	¥ 6,817,129,000	¥ 6,328,121,000	¥ 6,489,213,000

Consolidated statements of financial position - CNY (¥) ¥ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Non-current assets
Property, plant and equipment	¥ 2,109,385	¥ 1,436,939
Right-of-use assets	5,121,039	4,172,083
Intangible assets	94,951	8,802
Goodwill	223,187	21,418
Deferred tax assets	288,679	181,948
Other investments	201,727	123,399
Trade and other receivables	247,511	341,288
Term deposits		140,183
Financial derivative assets	774,103
Interests in equity-accounted investees	5,486,648	38,567
Total non-current assets	14,547,230	6,464,627
Current assets
Other investments		100,000
Inventories	3,691,238	2,750,389
Trade and other receivables	3,307,129	2,207,013
Cash and cash equivalents	6,817,129	6,328,121
Restricted cash	54,229	1,026
Term deposits	216,567	268,952
Total current assets	14,086,292	11,655,501
Total assets	28,633,522	18,120,128
EQUITY
Share capital	94	94
Additional paid-in capital	2,887,905	4,683,577
Other reserves	2,232,854	1,329,126
Retained earnings	5,497,910	4,302,177
Equity attributable to equity shareholders of the Company	10,618,763	10,314,974
Non-controlling interests	100,508	40,548
Total equity	10,719,271	10,355,522
Non-current liabilities
Contract liabilities	22,418	35,145
Loans and borrowings	5,415,416	4,310
Other payables	72,586	59,842
Lease liabilities	2,713,798	1,903,137
Financial derivative liabilities	1,184,050
Deferred income	33,053	34,983
Total non-current liabilities	9,441,321	2,037,417
Current liabilities
Loans and borrowings	1,751,018	566,955
Trade and other payables	4,516,491	3,943,988
Contract liabilities	388,746	323,292
Lease liabilities	950,784	635,357
Deferred income	965	5,376
Current taxation	291,245	252,221
Redemption liabilities arising from preferred shares	573,681
Total current liabilities	8,472,930	5,727,189
Total liabilities	17,914,251	7,764,606
Total equity and liabilities	¥ 28,633,522	¥ 18,120,128