HSBC downgraded Miniso's stock rating to 'Hold' with a price target of $10.80, citing concerns over profitability despite a 22.4% revenue increase to RMB 11.5 billion. The company's adjusted net profit slightly fell by 1.7%, while operating cash flow rose 45.5%, signaling strong cash generation but rising expenses. Investors reacted negatively, causing a 4.4% drop in shares post-earnings. Miniso plans to focus on long-term growth through larger stores and own-brand products amid these challenges.
Miniso Group Holding reported a 22% increase in revenue to 11.5 billion yuan in the first half of 2026, driven by strong sales in China and gains from investments and an AI partnership. Net profit rose 5.6% to 956.6 million yuan, but profit margins w...
MINISO Group reported a 22.4% year-on-year revenue increase to RMB 11.5 billion in the first half of 2026, led by a 26.2% growth in Chinese mainland sales and a 37.0% rise in North America. The company expanded its store network by 769 stores year-ov...
