Miniso Group Holding (MNSO) financial statements

Consumer Cyclical · Specialty Retail · Market cap $2.8B

Miniso Group Holding reported revenue of 17.0B CNY in fiscal 2024, up 12.6% a year over 5 years.

Net income was 2.6B CNY and the operating margin 19.5%, against 10.8% in 2019.

Free cash flow was 1.4B CNY, and the company returned 1.2B CNY in dividends and 313M CNY in net buybacks.

The diluted share count rose 13% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

05101520201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from Miniso Group Holding's 10-K filings with the SEC.

Fiscal year201920202021202220232024
Revenue9.4B CNY9.0B CNY9.1B CNY10.1B CNY11.5B CNY17.0B CNY
Cost of revenue6.9B CNY6.2B CNY6.6B CNY7.0B CNY7.0B CNY9.4B CNY
Gross profit2.5B CNY2.7B CNY2.4B CNY3.1B CNY4.4B CNY7.6B CNY
Selling, general and admin1.4B CNY2.0B CNY2.0B CNY2.3B CNY2.3B CNY4.5B CNY
Operating income1.0B CNY767M CNY401M CNY882M CNY2.2B CNY3.3B CNY
Interest expense25M CNY31M CNY28M CNY33M CNY35M CNY93M CNY
Pre-tax income289M CNY81M CNY-1.2B CNY907M CNY2.3B CNY3.3B CNY
Income tax280M CNY211M CNY213M CNY267M CNY552M CNY712M CNY
Net income-291M CNY-262M CNY-1.4B CNY638M CNY1.8B CNY2.6B CNY
EPS (diluted)-0.32 CNY-0.26 CNY-1.18 CNY0.52 CNY1.41 CNY2.10 CNY
Diluted shares——1.10B1.22B1.25B1.25B
Gross margin26.7%30.4%26.8%30.4%38.7%44.9%
Operating margin10.8%8.5%4.4%8.7%19.4%19.5%
Net margin-3.1%-2.9%-15.6%6.3%15.4%15.4%

Balance sheet

Fiscal years, in CNY, from Miniso Group Holding's 10-K filings with the SEC.

Fiscal year201920202021202220232024
Cash and short-term investments—2.9B CNY6.9B CNY5.6B CNY6.7B CNY6.4B CNY
Receivables—730M CNY825M CNY1.1B CNY1.2B CNY2.2B CNY
Inventory—1.4B CNY1.5B CNY1.2B CNY1.5B CNY2.8B CNY
Total current assets—5.0B CNY9.2B CNY8.1B CNY9.9B CNY11.7B CNY
Property, plant and equipment—88M CNY76M CNY420M CNY535M CNY1.4B CNY
Goodwill—0 CNY20M CNY19M CNY21M CNY21M CNY
Total assets—5.8B CNY10.7B CNY11.3B CNY13.4B CNY18.1B CNY
Total current liabilities—3.3B CNY3.5B CNY3.8B CNY3.9B CNY5.7B CNY
Long-term debt—15M CNY7M CNY7M CNY7M CNY4M CNY
Total liabilities—6.2B CNY4.1B CNY4.3B CNY4.5B CNY7.8B CNY
Shareholders' equity-114M CNY-337M CNY6.7B CNY7.0B CNY8.9B CNY10.3B CNY
Net debt—-2.4B CNY-6.8B CNY-5.3B CNY-6.5B CNY-5.8B CNY

Cash flow

Fiscal years, in CNY, from Miniso Group Holding's 10-K filings with the SEC.

Fiscal year201920202021202220232024
Operating cash flow1.0B CNY826M CNY916M CNY1.4B CNY1.7B CNY2.2B CNY
Capital spending116M CNY57M CNY180M CNY290M CNY174M CNY763M CNY
Free cash flow922M CNY770M CNY736M CNY1.1B CNY1.5B CNY1.4B CNY
Stock-based compensation122M CNY364M CNY281M CNY83M CNY63M CNY85M CNY
Dividends paid—330M CNY—306M CNY371M CNY1.2B CNY
Share buybacks (net)———-82M CNY-33M CNY-313M CNY
Net borrowing-13M CNY408M CNY-416M CNY-5M CNY-206,000 CNY563M CNY
Free cash flow margin9.8%8.6%8.1%11.1%13.0%8.3%
Dividends per share———0.25 CNY0.30 CNY1.00 CNY
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Questions

What was Miniso Group Holding's revenue in 2024?

17.0B CNY in fiscal 2024, from its 10-K filing.

How much free cash flow does Miniso Group Holding generate?

1.4B CNY in fiscal 2024 (operating cash flow minus capital spending).

From Miniso Group Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.