MINISO Group Holding Ltd. (9896) AI Stock Analysis

• Market Cap: HK$53.07B
• Dividend Yield: 2.82%
• Average Volume (3M): 4.75M
• Price to Earnings (P/E): 20.4
• Beta (1Y): 1.03
• Revenue Growth: 10.53%
• EPS Growth: -11.23%
• Country: HK
• Employees: 7,003
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.43
• Shares Outstanding: 1,237,564,200
• 10 Day Avg. Volume: 6,012,731
• 30 Day Avg. Volume: 4,751,711
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$53.69
• Price Target Upside: 26.03% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 72 Outperform
• Price Target: HK$49.00 ▲(15.02% Upside)

MINISO Group Holding Ltd. scores well due to its strong financial performance, characterized by solid profitability and robust cash flows. However, mixed technical indicators and fair valuation slightly temper the overall score. The absence of earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

MINISO's significant revenue growth reflects its successful market expansion and product appeal, supporting long-term business sustainability.

Cash Flow Strength

Strong cash flow growth enhances MINISO's ability to reinvest in operations and manage obligations, ensuring financial stability and growth potential.

Profitability

Improving profit margins indicate efficient operations and pricing power, which are critical for sustaining long-term profitability and competitiveness.

Negative Factors

Rising Debt Levels

Rising debt levels could strain financial flexibility, posing risks to future cash flows and limiting strategic investments if not managed carefully.

EPS Decline

A decline in EPS growth indicates potential challenges in maintaining profitability, which could affect investor confidence and future earnings potential.

Management Challenges

The absence of earnings call data may indicate communication gaps with investors, potentially affecting transparency and stakeholder trust in management.

MINISO Group Holding Ltd. Business Overview & Revenue Model

Company Description

MINISO Group Holding Ltd. is a global value retailer founded in 2013, focusing on providing high-quality household and consumer goods at affordable prices. The company operates in the retail sector, primarily through its MINISO brand, which offers a wide range of products including homeware, cosmetics, electronics, stationery, and toys. With a commitment to design and innovation, MINISO aims to deliver a fun shopping experience and foster a lifestyle of quality and value for its customers.

How the Company Makes Money

MINISO generates revenue primarily through the sale of its products in physical stores and online platforms. The company employs a franchise model, allowing it to expand rapidly by partnering with local franchisees who operate stores under the MINISO brand. Key revenue streams include direct sales of merchandise, franchise fees, and royalties from franchise operations. Additionally, MINISO benefits from strategic partnerships with suppliers and manufacturers, which help to maintain low costs and a diverse product range. Seasonal promotions and limited-time offers also play a role in driving sales, contributing to the company's overall earnings.

MINISO Group Holding Ltd. Financial Statement Overview

Summary

MINISO Group Holding Ltd. demonstrates strong financial performance with solid profitability, efficient operations, and robust cash flows. The company has shown consistent improvement in profit margins and return on equity, though rising debt levels warrant monitoring.

Income Statement

MINISO Group Holding Ltd. has demonstrated strong profitability with a consistent increase in gross profit margin and net profit margin over the past few years. The company's EBIT and EBITDA margins are healthy, indicating efficient operations. The revenue growth rate shows a steady upward trend, reflecting sound business expansion.

Balance Sheet

The balance sheet reveals a robust equity position with a favorable equity ratio. The debt-to-equity ratio remains low, suggesting conservative financial leverage. Return on equity has improved significantly, pointing to effective use of shareholders' funds. However, the increase in total debt over the years needs monitoring.

Cash Flow

The cash flow statement shows strong free cash flow growth, supporting the company's ability to reinvest in its operations and manage financial obligations. Operating cash flow relative to net income is high, indicating effective cash conversion. The free cash flow to net income ratio underscores the company's solid cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	17.70B	16.99B	16.87B	11.47B	10.09B	9.07B
Gross Profit	7.98B	7.64B	7.16B	4.44B	3.07B	2.43B
EBITDA	3.31B	4.29B	4.34B	2.43B	1.02B	-1.08B
Net Income	2.45B	2.62B	2.76B	1.77B	638.17M	-1.42B
Balance Sheet
Total Assets	26.19B	18.12B	15.95B	13.45B	11.28B	10.71B
Cash, Cash Equivalents and Short-Term Investments	7.25B	6.70B	7.58B	7.28B	5.80B	6.87B
Total Debt	9.21B	3.11B	1.38B	892.95M	658.01M	825.01M
Total Liabilities	15.51B	7.76B	5.83B	4.53B	4.25B	4.05B
Stockholders Equity	10.63B	10.31B	10.09B	8.90B	7.03B	6.66B
Cash Flow
Free Cash Flow	0.00	1.41B	1.05B	1.49B	172.06M	736.04M
Operating Cash Flow	0.00	2.17B	1.34B	1.67B	1.41B	916.32M
Investing Cash Flow	0.00	-533.25M	44.82M	-293.41M	-2.13B	-518.80M
Financing Cash Flow	0.00	-1.72B	-1.46B	-325.96M	-733.56M	3.54B

MINISO Group Holding Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 42.60
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9896, the sentiment is Neutral. The current price of 42.6 is below the 20-day moving average (MA) of 43.31, below the 50-day MA of 45.22, and above the 200-day MA of 39.42, indicating a neutral trend. The MACD of -0.55 indicates Positive momentum. The RSI at 44.08 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9896.

MINISO Group Holding Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2420	―	HK$1.85B	10.10	27.30%	3.14%	23.59%	―
9896	―	HK$53.07B	20.43	22.80%	2.82%	10.53%	-11.23%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2209	―	HK$2.09B	11.91	41.54%	1.50%	55.02%	25.22%
0178	―	HK$1.92B	25.00	6.39%	3.95%	-9.75%	-64.87%
2411	―	HK$4.00B	―	-29.04%	0.33%	-15.49%	-544.89%

MINISO Group Holding Ltd. Corporate Events

MINISO Announces Proposed Spin-Off of TOP TOY for Separate Listing

MINISO Group Holding Ltd. has announced its intention to spin off its subsidiary, TOP TOY International Group Limited, by listing it separately on the Main Board of the Hong Kong Stock Exchange. This move, subject to regulatory approvals and market conditions, aims to enhance the subsidiary’s market presence and operational focus while maintaining it as a subsidiary of MINISO.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$56.00 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

MINISO Announces Adjustments to Equity-Linked Securities Following Dividend Declaration

MINISO Group Holding Ltd. has announced adjustments to the exercise price of its equity-linked securities and call spread due to the declaration of an interim cash dividend for the first half of 2025. These adjustments, effective from late August and early September 2025, involve changes to the exercise prices and the number of shares that can be settled or issued, reflecting the company’s strategic financial maneuvers to align with market conditions and shareholder interests.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$52.00 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

MINISO Releases Unaudited Financial Results for Mid-2025

MINISO Group Holding Limited announced its unaudited financial results for the three and six months ended June 30, 2025. The release, published in accordance with U.S. SEC rules, may contain material inside information. Stakeholders are advised to exercise caution when dealing with the company’s securities, as the announcement includes forward-looking statements that involve inherent risks and uncertainties.

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.

MINISO Reports Revenue Growth Amid Profit Decline in Interim Results

MINISO Group Holding Ltd. announced its interim results for the six months ending June 30, 2025, revealing a 21.1% increase in revenue and a 22.6% rise in gross profit compared to the same period in 2024. Despite these gains, the company experienced a decline in profit before taxation and net profit, attributed to increased operating costs and other financial adjustments. The company continues to use non-IFRS financial measures to evaluate its performance, offering insights into its operational efficiency and strategic direction.

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.

MINISO Announces Interim Dividend for H1 2025

MINISO Group Holding Ltd. has announced an interim cash dividend of USD 0.0724 per share for the six months ending June 30, 2025. This announcement reflects the company’s ongoing commitment to providing shareholder returns and may enhance its attractiveness to investors, potentially strengthening its position in the retail market.

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.

MINISO Group Schedules Board Meeting to Review Financial Results

MINISO Group Holding Ltd. announced that its board of directors will meet on August 21, 2025, to review and approve the company’s unaudited financial results for the quarter and interim period ending June 30, 2025. The meeting will also consider the declaration and payment of dividends. The company will hold an earnings conference call on the same day to discuss the financial results, which will be accessible via Zoom and the company’s investor relations website. This announcement highlights MINISO’s commitment to transparency and shareholder engagement, potentially impacting investor confidence and market perception.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$43.00 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.