MINISO forecasts surge in Q1 2026 profit on AI investment gains

An announcement from MINISO Group Holding Ltd. ( (HK:9896) ) is now available.

MINISO Group Holding said it expects strong financial results for the quarter ended March 31, 2026, forecasting revenue of about RMB5.68 billion to RMB5.73 billion, up roughly 28% to 29% year on year. The group also anticipates adjusted operating profit, excluding foreign exchange effects, to rise 13% to 16%, and adjusted net profit to increase 7% to 10%, signaling solid underlying business momentum despite currency headwinds.

Reported operating profit is projected to more than double, and profit for the period to nearly triple, largely due to an unrealized mark-to-market gain of about RMB870 million to RMB880 million from a pre-IPO AI industry investment via a limited partnership. Additional contributions are expected from its stake in Yonghui Superstores and the absence of prior one-off financing costs, though these gains are partly offset by higher share-based compensation for TOP TOY, foreign exchange losses, fair-value changes in TOP TOY preferred share liabilities, and higher interest expenses tied to earlier financings.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$46.00 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

More about MINISO Group Holding Ltd.

MINISO Group Holding Ltd. is a China-based global retail company that operates a chain of variety and lifestyle stores offering affordable design-led consumer products. The group focuses on fast-moving consumer goods, homeware, toys, and lifestyle items, targeting value-conscious shoppers across domestic and international markets. It also invests strategically in related sectors to support its growth.

Average Trading Volume: 2,756,576

Technical Sentiment Signal: Sell

Current Market Cap: HK$35.83B

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